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Asian shares step back from New Year rally as trade concerns resurface

Reuters  |  TOKYO 

By Hideyuki SanoTOKYO (Reuters) - The New Year rally in Asian shares ran out of steam on Thursday as concerns about the U.S. administration's protectionist stance hit Wall Street while U.S. bonds were dented by speculation China may curtail buying.MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.1 percent in early trade, slipping further from Tuesday's 10-year peak. Japan's Nikkei lost 0.6 percent.U.S. shares snapped their New Year rally on Wednesday while the Canadian dollar and the Mexican peso fell after a Reuters report said Canada increasingly believes that U.S. ...

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First Published: Thu, January 11 2018. 06:39 IST
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