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Global Markets: Asian shares on shaky footing amid elevated valuations, oil skids
Asian shares were on the defensive on Monday as investors grappled with sky-high valuations against the backdrop of a global economy in the grip of a deep coronavirus-induced recession while oil prices dropped sharply. Chinese stocks started lower while shares of Hong Kong-listed Semiconductor Manufacturing International Corp (SMIC) plunged to the lowest since June 16 on fears the firm could be added to a U.S. trade blacklist. China's blue-chip index slipped 0.5% and Hong Kong's Hang Seng eased 0.2%.
https://finance.yahoo.com/news/global-markets-asian-shares-start-015811522.html?.tsrc=rss
Asian shares were on the defensive on Monday as investors grappled with sky-high valuations against the backdrop of a global economy in the grip of a deep coronavirus-induced recession while oil prices dropped sharply. Chinese stocks started lower while shares of Hong Kong-listed Semiconductor Manufacturing International Corp (SMIC) plunged to the lowest since June 16 on fears the firm could be added to a U.S. trade blacklist. China's blue-chip index slipped 0.5% and Hong Kong's Hang Seng eased 0.2%.
https://finance.yahoo.com/news/global-markets-asian-shares-start-015811522.html?.tsrc=rss
