* Asia shares ex Japan hit another 14-mth low, Nikkei firms
* Break in tariff hostilities welcome, but seen as temporary
* Sterling holds gains on hopes for a Brexit deal with EU
By Wayne Cole
SYDNEY, Sept 11 (Reuters) - Asian shares were struggling to avoid a ninth straight session of losses on Tuesday as the spectre of a Sino-U.S. trade war haunted investors, while the pound perched near a five-week top on hints a Brexit deal might be nearer.
Japan's Nikkei .N225 fared better on the back of a softer yen and rallied 1 percent.
Yet, MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS eased 0.34 percent to hit its lowest since July last year.
Having warned last week that he was ready to levy additional taxes on practically all Chinese imports, U.S. President Donald Trump was uncharacteristically quiet on trade on Monday.
China has cautioned it will respond if the United States takes any new steps on trade. Foreign Minister Chrystia Freeland will meet the U.S. Trade Representative in Washington on Tuesday for another round of talks to renew the NAFTA trade pact. Wall Street, the Nasdaq eked out gains to end four sessions of losses but stocks of insurers slipped as Hurricane Florence barrelled toward the U.S. east coast. Dow .DJI fell 0.23 percent, while the S&P 500 .SPX gained 0.19 percent and the Nasdaq .IXIC 0.27 percent. .N
BETTING ON BREXIT
In currency markets, sterling stood out after the European Union's top negotiator said an agreement for Britain to leave the economic bloc might be reached in the coming weeks.
The pound has been under pressure on anxiety that Britain would exit from the EU without any formal trading arrangement.
Sterling GBP=D3 clambered up to $1.3032, after firming 0.8 percent overnight. euro EUR=EBS held at $1.1586, hemmed between support at $1.1524 and resistance at $1.1659.
It had been aided by an easing in concerns over Italian debt which left the gap between yields on Italian and more creditworthy German bonds at the narrowest in a month.
Emerging market currencies were under pressure with a broad index .MIEM00000CUS down near 16-month lows and the Indian rupee INR= near a record trough of 72.675 per dollar,
"Weakness is set to remain a recurring theme amid global trade tensions, a broadly stronger dollar and prospects of higher U.S. interest rates," said Lukman Otunuga, a research analyst at broker FXTM.
"With turmoil in Turkey and Argentina triggering contagion fears, appetite for emerging market assets and currencies is likely to continue diminishing."
In commodity markets, gold was stuck at $1,193.54 an ounce XAU= and continues to move in the opposite direction to the dollar.
Oil prices found support from looming U.S. sanctions against Iran's petroleum industry. O/R
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ MSCI and Nikkei chart
http://reut.rs/2sSBRiD Asian stock markets :
https://tmsnrt.rs/2C2BSt0 Global assets' performance
https://tmsnrt.rs/2BX92de World FX rates in 2018
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