You are here: Home » Reuters » News
Business Standard

Asian shares weaken on trade worries, bonds recover as China rebuts report, 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 bonds rebounded after China's regulator called a report about Beijing slowing or halting of its U.S. bond buying possibly wrong.Bitcoin fell more than 11 percent after South Korea said it was preparing a bill 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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, January 11 2018. 11:22 IST