Asian stocks set for cautious start on weak U.S. cues

HONG KONG Asian stocks may slip for a second consecutive day on Thursday as a weak Wall Street and declining commodity prices, especially for oil, prompted investors to trim their exposure to risky assets.

With the outcome of the French presidential elections due at the weekend, markets are set to trade in well worn trading ranges, barring any major data surprises in Asia.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped 0.5 percent in early trades after declining nearly 1 percent on Wednesday.

“Markets may continue to trade on

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