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Asian shares edge up but sentiment fragile on growth worries

Updated : November 22, 2018 08:10 AM IST

MSCI’s broadest index of Asia-Pacific shares outside Japan tacked on 0.2 percent and has so far managed to hold up in November after three straight monthly declines. For the year, it is on track for its worst annual performance since 2011, in part due to anxiety over a weakening outlook for corporate profits.
The synchronized global expansion that began roughly two years ago has now plateaued, and fresh signs are emerging of a weaker outlook. Global trade volumes are still increasing although at a slower pace.
Oil jumped about $1 a barrel on Wednesday after US government data showed strong demand for gasoline and diesel, though concerns over rising crude supply remained.

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