The Traderszone Network

Published in TZ Latest News 19 November, 2015 by The TZ Newswire Staff

Asian shares hang on to gains, commodities battered

Asian shares looked set to hold on to this week’s gains, while the dollar took a breather on Friday after stepping back from seven-month highs as investors grappled with the prospects of higher U.S. borrowing costs and slower global economic growth. Commodity prices were pressured, with copper near 6-1/2-year lows and a major sea freight index hitting its lowest level on record, underscoring worries over slackening world demand. MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat on the day, though it held on to gains of 1.7 percent so far this week.