Asian shares fall as investors ponder US-China equation post Trump win

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Asian shares fall as investors ponder US-China equation post Trump win - Business Standard

Quick Summary:

Also cheering Wall Street, Fed Chair Jerome Powell said on Monday the three US inflation readings over the second quarter do "add somewhat to confidence" that inflation is returning to the Fed's target in a sustainable fashion.

Overnight, investors continued to digest the fallout from the attempted assassination on Saturday of former US President Donald Trump, who is favourite to win the White House in November and who on Monday nominated his vice presidential running mate J.D.Vance.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 per cent, having eased 0.3 per cent on Monday.