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Asia stocks slip as NAFTA lift fades; oil near four-year highs

World Materials 2 October 2018 10:40 (UTC +04:00)
Asian stocks fell on Tuesday as the lift from an agreement that saved the North American free trade deal faded
Asia stocks slip as NAFTA lift fades; oil near four-year highs

Asian stocks fell on Tuesday as the lift from an agreement that saved the North American free trade deal faded, with cautious views on the global economy curbing risk sentiment, Reuters reports.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1 percent after a steady start.

Australian stocks lost 0.8 percent and South Korea’s KOSPI fell 0.45 percent.

Japan’s Nikkei was flat, handing back earlier gains after briefly rising to a new 27-year high.

China’s financial markets are closed for the week of Oct. 1-5 for national holidays.

Hong Kong’s Hang Seng, which did not trade on Monday due to a holiday, dropped 1.5 percent in reaction to signs of weakness in the Chinese manufacturing sector shown in purchasing managers’ index (PMI) numbers released on Sunday.

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