SHANGHAI (Reuters) – Asian shares were mostly lower on Tuesday, in their last trading day of the decade as investors locked in profits after a buoyant year of gains, driven in recent weeks by hopes of an imminent U.S.-China trade deal.
European equity markets were expected to follow suit after losses on Wall Street Monday. FTSE futures FFIc1 were down 0.37% at 7,508.
But U.S. stock futures showed some optimism ahead of Wall Street’s final session of the year, with S&P 500 e-minis ESc1 up 0.12% at 3,227.3.
At about 0620 GMT, MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was 0.46% lower, set for its weakest performance since Dec. 4. For the month, the index is still up 5.6%.
The index has gained nearly 16% this year, a sharp turnaround from a 16.2% drop last year but lagging a 23.8% year-to-date gain in MSCI’s global share index .MIWD00000PUS. The Asian index gained 33.5% in 2017, about the same as its total rise over the previous decade.
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