The Traderszone Network

Published in TZ Latest News 20 August, 2014 by The TZ Newswire Staff

Asia shares slip as China disappoints, Japan bucks trend

Asian shares came under pressure on Thursday as a disappointing survey on Chinese manufacturing stoked concerns about the regional giant and overshadowed better news from Japan. Investors reacted by selling the Australian dollar (AUD=D4), often a used as a liquid proxy for bets on China, while shares in Shanghai dropped 0.5 percent (.SSEC). MSCI’s broadest index of Asia-Pacific shares outside Japan skidded 0.6 percent, with indices in South Korea (.KS11) and Taiwan (.TWII) in the red.

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