Asian shares hit speed bump, China extends sharp rally – ZAWYA

Asian shares hit speed bump, China extends sharp rally – ZAWYA

Asian shares hit speed bump, China extends sharp rally | ZAWYA MENA Edition HomeMarketsEquitiesArticleAsian shares hit speed bump, China extends sharp rally China shares extend rally as investors count on policy support    An investor watches a board showing stock information at a brokerage office in Beijing, China October 8, 2018. TOKYO/NEW YORK: Asian shares paused for breath on Tuesday following a surge sparked by speculation Beijing is trying to orchestrate a major domestic bull run to support an economy hit by the coronavirus and a standoff with Washington.MSCI's broadest index of Asia-Pacific shares outside Japan was last down 0.25%, a seemingly inevitable correction after sharp gains of 7% in just five days that took it to a 4-1/2-month high.Japan's Nikkei gave up 0.7% while U.S. stock futures shed 0.3% EScv1 in Asia after hefty gains on Monday in the wake of surging Chinese shares.MSCI's broadest index of Asia-Pacific shares outside Japan was last down 0.25%, a seemingly inevitable correction after sharp gains of 7% in just five days that took it to a 4-1/2-month high.TOKYO/NEW YORK: Asian shares paused for breath on Tuesday following a surge sparked by speculation Beijing is trying to orchestrate a major domestic bull run