Asian Shares Slip, US Presidential debate Awaited

Asian shares began the week under a cloud on Monday after losses on Wall Street, as investors' attention turned from central banks to American politics ahead of the first US presidential debate. 

 

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent in early trade, while Japan's Nikkei stock index slumped 0.5 percent against the headwinds of a stronger currency Wall Street logged weekly gains but ended with solid losses on Friday. The S&P 500 still managed to record its best weekly performance in more than two months after the US Federal Reserve held interest rates steady on Wednesday. 

 

Investors awaited Monday evening's US presidential debate between Donald Trump and Hillary Clinton, which will take place early on Tuesday in Asian time zones. The first of three debates ahead of the November election could set US television audience records.

 

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