Risk-off mood hovers over Asian markets as investors pare trade deal optimism

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Risk-off mode continues to cast a cloud over Asian assets, as media reports pour cold water on hopes that a US-China trade deal can be sealed by the end of the year. Asian stocks are retreating, while the Japanese Yen is the only Asian currency that’s gaining against the US Dollar at the time of writing, with USDJPY inching closer to the 108.0 mark. Other safe haven assets such as Gold are also advancing, with Bullion consolidating its place above the $1470 psychological level.

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