Sensex down over 100 points, Nifty gives up 10,800; Asian shares slip on trade worries

Shares of Symphony gained 4 percent as company is going to acquire 95 percent stake in Climate Technologies Pty.
The company has entered into a share sale agreement to effectively purchase 95 percent equity stake in Climate Technologies Pty through a new incorporated subsidiary company Symphony AU Pty, Australia.

The acquisition will be executed at a valuation range of A$ 40-44 million (Rs 201 crore - Rs 22I crore) depending on the achievement of FY18F EBITDA (June ended), company said in release.

Further, the valuation is subject to change based on customary closing conditions. The company plans to finance the acquisition through a judicious mix of debt and internal cash accruals, it added.

  Shares of ICICI Bank lost around 2 percent in the morning trade as investors turned cautious of another whistleblower complaint against it.The stock has touched an intraday high of Rs 300.20 and an intraday low of Rs 295.45.

TOKYO (Reuters) - Asian shares fell on Monday on escalating trade tensions between the United States and major economies while oil prices gave up some of their hefty gains made after major oil producers agreed to a modest increase in production.

S&P500 mini futures eased as much as 0.6 percent in early trade while MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.25 percent. Japan's Nikkei lost 0.4 percent.

The falls were triggered by a report from the Wall Street Journal that U.S. President Donald Trump plans to bar many Chinese companies from investing in U.S. technology firms and block additional technology exports to China.

The reduction in reserves, the third by the central bank this year, had been widely anticipated by investors and is aimed to accelerate the pace of debt-for-equity swaps and spur lending to smaller firms.Following the move, the CSI300 Index of mainland Chinese shares rose 0.1 percent in early trade.

On the other hand, the index of global auto manufacturers, which shed 4.7 percent last week, remained soft.Trump threatened to impose a 20 percent tariff on Friday on all imports of EU-assembled cars, a month after his administration launched an investigation into whether auto imports posed a national security threat.

A senior European Commission official said on Saturday that the European Union will respond to any U.S. move to raise tariffs on cars made in the bloc.

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