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Asian shares falter, bonds rally on global growth fears

Updated : May 29, 2019 08:19 AM IST

MSCI's broadest index of Asia-Pacific shares outside Japan was last down 0.4 percent after three straight days of gains. South Korea's KOSPI and Australian shares were 0.9 percent lower each. Japan's Nikkei faltered 1.4 percent while E-Minis for the S&P 500 were 0.2 percent lower.
In Asia, the focus remains on the ongoing Sino-US trade war. US President Donald Trump said on Monday that Washington was not ready to make a deal with China yet. At the same time, he pressed Japan to reduce its trade imbalance with the United States.
In currencies, the dollar index edged higher to 97.924 from a recent two-week trough of 97.547.
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