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Asian shares battled to extend a global rebound on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, dampening risk appetite across the region.
Japan’s Nikkei managed to edge up 0.4 percent, but MSCI’s broadest index of Asia-Pacific shares outside Japan was all but flat.
The Dow ended Monday up 1.46 percent, while the S&P 500 gained 1.55 percent and the Nasdaq 2.06 percent.

That put trade-sensitive currencies, including the Australian dollar on the defensive, while the dollar lost some ground on the safe haven yen to 113.47

The euro edged up a shade to $1.1333 and the dollar index dipped to 97.038 against a basket of currencies.

OIL SHIFTS RISKS ON INFLATION, FED

Oil prices had climbed nearly 3 percent on Monday in what was seen as largely a technical correction after weeks of losses.

Early Tuesday, U.S. crude was off 4 cents at $51.59 a barrel. Brent crude LCOc1 futures had closed up $1.68 at $60.48 a barrel.

Source : Reuters

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