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Asian shares slip as Tillerson exit, tariffs raise protectionism fears

Reuters  |  SYDNEY 

By Swati PandeySYDNEY (Reuters) - Asian shares faltered on Wednesday amid fears of rising U.S. protectionism as President Donald Trump fired his Secretary of State, regarded as a moderate in his administration, and sought to impose hefty tariffs on Chinese imports.The combination of moves by Trump left investors scurrying for safety as global equities took a knock, the dollar fell and bonds rose.MSCI's broadest index of Asia-Pacific shares outside Japan stumbled 0.7 percent, retreating from a 1-1/2 month high hit on Tuesday, with technology sector the biggest drag.Japan's Nikkei dropped 1 ...

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First Published: Wed, March 14 2018. 08:42 IST