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Asian shares fall on weak data as focus shifts to rate cuts

Updated : June 04, 2019 12:20 PM IST

European equities are also expected to fall. In early European trade, pan-region Euro Stoxx 50 futures were down 0.36 percent at 3,279, German DAX futures fell 0.31 percent to 11,745, FTSE futures eased 0.27 percent to 7,155.5, and France's CAC 40 futures lost 0.53 percent to 5,193.
The broad index was pulled lower by Chinese shares. China's blue-chip CSI300 index was 0.94 percent lower, and the Hang Seng lost 0.66 percent.
Defying the regional selloff, Australian shares finished 0.19 percent higher, boosted by the Reserve Bank of Australia's decision to cut its cash rate to 1.25 percent, a record low, in what could be the first in a series of stimulus measures.

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