• MTS Futures News_AM_20161104

    4 Nov 2016 | SET News



Asian shares slipped on Friday and the dollar nursed losses in a week marked by growing uncertainty about the outcome of the U.S. presidential election.

Investors have been unnerved in recent days by signs that the U.S. presidential race between Democrat Hillary Clinton and Republican Donald Trump was tightening just days before Tuesday's vote.

That anxiety has rippled across global financial markets, with other events and data such as the looming U.S. employment report playing second fiddle to the ramifications of a potential Trump presidency.

According to two polls released on Thursday, Clinton, who is seen as the status quo candidate by markets, maintained her narrow lead over Trump.

Trump, a political novice, has campaigned to rip up trade deals and slap high tariffs on imported goods, while there is uncertainty about his stance on U.S. foreign policy and immigration.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped 0.2 percent in early trade, down 1.4 for the week.

The S&P 500 fell for an eighth straight session on Thursday, its longest losing streak since the 2008 financial crisis, as Facebook shares weighed and investors grappled with uncertainty over next week's U.S. presidential election.

Facebook shares tumbled 5.7 percent as the world's largest online social media network warned that revenue growth would slow this quarter.

The stock was the biggest drag on the S&P 500 as well as on the tech-heavy Nasdaq, which also posted its eighth straight day of losses.

The S&P 500 lost 9.28 points, or 0.44 percent, to 2,088.66 and the Nasdaq Composite dropped 47.16 points, or 0.92 percent, to 5,058.41.


Reference: Reuters

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