Asian shares were pinned near five-month lows on Tuesday as concerns that slower growth in China and reduced U.S. monetary stimulus could hurt some emerging economies dependent on exports and foreign capital. Japan's Nikkei hit 2 1/2-month intraday low before recouping the losses to trade 0.2 percent above its previous close. MSCI's broadest index of Asia-Pacific shares outside Japan also briefly dipped to a five-month low, extending a 3.8 percent loss in the past three days and last stood almost flat. Investors drew some comfort from the news that a Chinese trust firm had reached an agreement to resolve a troubled high-yield investment product, just days away from what could have been a precedent-setting default in China's shadow banking system.
via Business News - Yahoo Finance http://ift.tt/1etQGZm
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