Published on 11 January 2018
Most major indexes closed down in trading today as the “New Year rally” in Asian shares faded after a decline on Wall Street overnight and amid rising government bond yields and bearish investor sentiment, according to Bloomberg.
The broad-based MSCI Asia Pacific index shed 0.4% today, while Japan’s Nikkei 225 index fell 0.3% and South Korea’s Kospi index dropped 0.5%.
Mikio Kumada, a global strategist at LGT Capital Partners, advised investors: “It’s better to take some chips off the table – markets do look a little frothy. Eventually there will be a sell off or a correction that will offer better opportunities.”
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