SYDNEY – Asian shares extended losses on Thursday as troubles at U.S. lender First Republic Bank continued to unnerve investors amid concerns that growth in the world's biggest economy could very well surprise to the downside. MSCI's broadest index of Asia-Pacific shares outside Japan were 0.3 percent lower on Thursday, while Japan's Nikkei lost 0.4 percent. China's blue chips were flat, but Hong Kong's Hang Seng Index slid 0.3 percent. Geopolitics also cast a pall over markets. U.S. Commerce Secretary Gina Raimondo said on Wednesday that Chinese cloud computing companies like Huawei Cloud and Alibaba division Alibaba Cloud could pose a threat to U.

https://business.inquirer.net/397844/asian-shares-sink-on-banking-jitters-us-economic-concerns

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