* Asian shares step back from highs on concerns over trade deal * Beijing says U.S., China agree to cancel tariffs in phases * Sources say the plan meets opposition within White House * Asian stock markets: tmsnrt.rs/2zpUAr4 By Hideyuki Sano and Swati Pandey TOKYO/SYDNEY, Nov 8 (Reuters) – Asian stocks retreated from six-month highs on Friday on uncertainty over whether and when the United States and China will seal a deal marking a truce in their trade war that has slowed economic growth and roiled markets. Global markets rallied overnight on news the two countries have agreed to roll back tariffs on each others’ goods as part of the first phase of a trade deal. But markets ran into profit taking during Asian hours on worries the pact could still fall apart as an outside adviser to Trump said there was no specific agreement for a phased rollback of the tariffs. Multiple sources familiar with the talks said the plan faced fierce internal opposition at the White House and from outside advisers. MSCI’s gauge of Asia-Pacific shares outside Japan was off 0.2% at 536.43 after rising to 538.77, a level not seen since early May. For the week, it… Read full this story
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