Rolling in Indian election results, Asian share markets weakened.

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SYDNEY: Asian share markets retreated on Tuesday as global investors awaited India's official election results and considered the prospect that the U.S.economy's 'exceptionalism' is starting to unwind as manufacturing activity there further weakened.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4%, after U.S.stocks ended the previous session with mild gains.The index is up 2.1% so far this month.

Both benchmarks slid to four-month lows on Monday after the Organization of the Petroleum Exporting Countries and allies, together known as OPEC+, agreed to start unwinding some production cuts from October.Gold was slightly lower.

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Category: EconomyBusiness

Markets: MalaysiaAustraliaChinaHong KongIndiaJapan

Topics: Markets Commodities /Business/Business News Trading Stocks Asia Equities

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-04 @ 14:30:00 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 814 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Star

News ID: 21146725

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