Asian markets fell on Friday, putting the region on course to end a broadly positive week on a sour note, as traders took a step back and their profits off the table. There was also some unease after the head of the European Central Bank raised concerns about the growth outlook for the eurozone owing to issues within and outside the bloc. The pound showed some resilience, even as European leaders refused pleas for help from Prime Minister Theresa May to push their Brexit deal through a fractured British parliament. Signs of easing tensions in the China-US trade row helped propel equities this week, with both sides seeming to give key concessions, fuelling hopes they can eventually resolve their differences. But observers noted that dealers will remain on alert for any negative news, including further developments in China’s detention of two Canadians on suspicion of threats to national security. That move came after a top executive at Chinese telecoms giant Huawei was arrested in Ottawa. She faces extradition to the US over allegations the firm broke sanctions on Iran. In early trade Hong Kong fell 1.6 percent and Shanghai was down 0.4 percent. Tokyo finished the morning 1.7 percent lower…. Read full this story
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