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Asian markets fret about US political theatre amid signs of global slowdown

Trump on Sunday said he was replacing Defense Secretary Jim Mattis two months early, a move officials said was driven by the president's anger at Mattis' resignation letter

Reuters  |  SYDNEY 

Asian stocks were subdued on Monday as investors fretted that political instability in the United States was leaving the country rudderless at a time when the global economy was showing signs of faltering. Moves were limited by a holiday in Japan while many bourses are set to close early for Christmas. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.5 percent to its lowest in seven weeks. Yet Chinese blue chips managed to edge up 0.2 percent, while E-Mini futures for the S&P 500 recouped early losses to rise 0.4 percent. U.S. President Donald Trump's ...

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First Published: Mon, December 24 2018. 08:14 IST
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