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Asian shares shrug off Trump controversy, look to Yellen

Wednesday, July 12, 2017 - 00:58

Asian shares steady after Wall Street managed to weather a fresh twist in the political controversy surrounding U.S. President Donald Trump's administration, while investors look ahead to Federal Reserve Chair Janet Yellen's comments. Samantha Vadas reports.

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Asian shares stabilising on Wednesday (July 12) as markets managed to brush off a new twist in the political controversy surrounding the Trump campaign's alleged links with Russia. Asia-Pacific shares ticked up 0.1 percent, while Japan's Nikkei slid 0.3 percent. Analysts say investors are holding their breath ahead of Federal Reserve Chair Janet Yellen's comments later in the day. There seemed to be little reaction to a story from Politico that Trump is unlikely to nominate Yellen next year for a second term. U.S. stocks took a brief tumble on Tuesday (July 11) after an email chain released by Donald Trump's son suggested he welcomed Russian support for his father's election. Wall street shares clawing back by the closing bell in part as the U.S. Senate pushed back its August recess by two weeks In order to work on legislation and tackle a measure that would repeal key parts of Obamacare.

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Asian shares shrug off Trump controversy, look to Yellen

Wednesday, July 12, 2017 - 00:58