Asian shares suffer a loss in July
Aug 2 (Reuters) - Asian shares declined in July, weighed
down by uncertainties over the U.S-China trade war and tempering
expectations of aggressive monetary easing by major central
banks this year.
The MSCI's broadest index of Asia-Pacific shares,
fell 1% last month, after a gain of over 5% in
June. The index has fallen another 1.8% so far this month.
Trade optimism faded in July due to the lack of progress in
trade talks between the United States and China. On Thursday,
U.S. President Donald Trump said he would impose impose a 10%
tariff on $300 billion of Chinese imports from Sept. 1, which
marked an end to a truce in the trade war struck in
The Federal Reserve cut interest rates at the end of July
but the head of the U.S. central bank said the move might not be
the start of a lengthy campaign to shore up the economy against
risks including global weakness.
In July, equities markets in India plummeted 5.7%,
South Korea shed about 5%, while Hong Kong and
Malaysia both fell more than 2%.
Markets in Vietnam, New Zealand and
Australia however, gained about 3% or more.
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy
Bengaluru; Editing by Richard Borsuk)
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