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Sunday, 3 August 2014

Asian shares pressured by Wall Street, geopolitical tensions

An employee of the Tokyo Stock Exchange stretches at the bourse in Tokyo By Hideyuki Sano TOKYO (Reuters) - Steep weekly falls on Wall Street pressured Asian shares on Monday, as concerns over geopolitical tensions and Argentina's debt default eclipsed U.S. economic data that argued against an earlier start to the Federal Reserve's rate-tightening cycle. Japan's Nikkei average fell 0.4 percent while MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS> was off 0.05 percent. Investors were cautious after the U.S. S&P 500 lost 2.7 percent last week, its biggest weekly decline since the week ending June 1, 2012, hitting two-month lows. ...








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