Asian shares fall to its lowest in six weeks, pound weakens with Brexit issue

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Asian market shares fell on Wednesday to its lowest in six weeks as South Korea and Japan’s stocks were down at 1.3% and 1.1% respectively.

South Korean’s turnout was its lowest since January after trade war blasted compounded by Samsung Electronics profit woes in the last quarter.

Japan’s Nikkei declined by 1% while MSCI’s broadest index of Asia-Pacific shares outside Japan tallied its lowest rate since June 19 with a 0.7% fall.

In other news, the British pound continues to struggle with a 0.5% slip as Brexit problems continue to take its toll while the Sterling rate was down to 4.3% for the month of July, nearing to post its lowest monthly rate since October 2016.

Investors see Trump’s new statement about the U.S.-China trade war as an unbeneficial factor in the world trade market.

 

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