Global shares were tangled on Nov. 17 yet Asian shares failed to see market-boosting news following virtual talks between U.S. President Joe Biden and Chinese leader Xi Jinping. At a three-hour meeting on Nov. 15, the two leaders dialed down some of the heat in Sino-U.S. tensions, though both sides held to entrenched positions on a range of issues. The positive tone offered a slight boost to Asian shares on Nov. 16, but this proved short-lived. In Asian trading on Nov. 17, Tokyo’s Nikkei 225 index lost 0.4 percent. The benchmark reversed earlier gains that had come on the yen trading lower recently, boosting the profits of exporters. MSCI’s broadest index of Asia-Pacific shares outside Japan skidded 0.5 percent from Tuesday’s near three-week closing high and was set for its biggest fall this month, snapping seven days of gains. Hong Kong’s Hang Seng slipped 0.3 percent while Seoul’s Kospi fell …
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