forex Asian shares edge lower as U.S. House readies Trump impeachment inquiry

[Anzo Lim 0]

Asian stocks fell on Wednesday after the U.S. lawmakers called for an impeachment inquiry into President Donald Trump, increasing the prospects of prolonged political uncertainty in the world’s largest economy.

 

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2%, Japan’s Nikkei fell 0.55%, while Australian shares fell 0.66%.

 

“There are a lot of factors out there that could potentially hurt market sentiment,” said Tsutomu Soma, general manager of fixed income business solutions at SBI Securities in Tokyo. However, some hedge funds have to close their books at the end of the month, so it may be difficult for the market to move.

 

US. stock futures, rose 0.19% early in Asia on Wednesday, but the mild gains are unlikely to improve sentiment for Asian shares.

 

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