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Asian Shares Rally As Trump-Clinton Campaign Enters Home Stretch

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Reuters reports Asian stocks edged higher and the dollar consolidated recent gains on Tuesday. However, risk appetite was low as weak U.S. markets prompted investors to stay on the sidelines. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 percent in early trade, and Australia's benchmark index was up 0.3 percent. Campaigning for the U.S. presidential elections has entered its home stretch, and concerns about the Chinese economy are deepening after weak trade data last week. In response, risk aversion is broadly on the rise forcing investors to cut positions after a strong rally in risky assets in the third quarter of 2016.

Added on the 18/10/2016 08:50:41 - Copyright : Wochit

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