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


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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