20-07-2016 04:04 via news.yahoo.com

Asia slips after Wall Street loses steam, dollar clings to gains

Global risk appetite, which has recovered rapidly from the Brexit shock late in June, received a sobering reminder after the International Monetary Fund (IMF) cut its global growth forecasts for the next two years on Tuesday, citing uncertainty over Britain's looming exit from the European Union. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1 percent, putting some distance between a nine-month high struck late last week. South Korea's Kospi lost 0.3 percent and Japan's Nikke
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