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Asian shares pull back on trade concerns, bonds nurse losses, Bitcoin slumps

Reuters  |  TOKYO 

By Lisa Twaronite and Hideyuki SanoTOKYO (Reuters) - The New Year rally in Asian shares petered out on Thursday due to concerns about rising U.S. protectionism, while bond markets nursed steep losses and Bitcoin fell more than 11 percent after moves in South Korea to ban trade in the cryptocurrency.MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.5 percent, slipping further from Tuesday's 10-year peak. Japan's Nikkei also lost 0.5 percent.Bitcoin dropped to $13,189 on the Bitstamp exchange, after South Korea's justice minister said a bill was being prepared to ban ...

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First Published: Thu, January 11 2018. 10:24 IST