Asian shares stutter ahead of US presidential debate, oil dips | Malay Mail

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SYDNEY, Sept 28 — Asian shares were on the defensive, while oil prices edged lower today as investors were cautious ahead of a US Presidential debate and as coronavirus cases spike again in a blow to global economic recovery hopes. MSCI's broadest index of Asia-Pacific shares outside Japan added...

Japan's Nikkei rises 0.65 per cent, partly on a lower yen. — AFP pic

The index is set to end the month deep in the red after three straight monthly gains as the pandemic continues to wreak economic havoc around the world and raises investor anxiety about sky-high valuations. Australia's main share index slipped 0.2 per cent as investors were cautious despite positive news on the coronavirus front with new infections in the country's second-most populous state of Victoria down sharply and allowing authorities to ease some of the mobility restrictions.

Encouragingly, data over the weekend showed profits at China's industrial firms grew for the fourth straight month in August buoyed in part by a rebound in commodities prices and equipment manufacturing.

 

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