Asian shares inched up in early trade on Tuesday, with investors cautious ahead ...
TOKYO - Asian shares inched up in early trade on Tuesday, with investors cautious ahead of tense U.S.-China trade talks while the Turkish lira slipped over concerns about Ankara’s planned incursion in northern Syria.
Chinese markets will reopen after a one-week holiday. Hong Kong-listed ETFs linked to Shanghai 50 index have fallen 0.8% this period. Hong Kong was closed too on Monday. “Given the importance of the event, markets will be extremely nervous. I expect things to stay this way for now. On the whole, markets are not that optimistic about the outlook,” said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management.
Trump threatened to destroy Turkey’s economy if Ankara takes a planned military strike in Syria too far even though the U.S. leader himself has opened the door for a Turkish incursion.Major currencies were more range-bound. Sterling traded at $1.2290, capped by concerns that sizeable differences between Britain and the European Union remained for striking a Brexit withdrawal deal.
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