Asia shares wobble; bitcoin rallies on 'Trump trade'

SINGAPORE, Oct 21 (Reuters) - Asia shares dipped in and out of positive territory on Monday, under pressure from weakness in Chinese stocks, but bitcoin scaled a three-month peak as "Trump trades" continued to ramp up.

Gold hit another record high on conflict in the Middle East and an extremely close U.S. presidential election, with the yellow metal expected to stay in favour among much global uncertainty.

Optimism over Beijing's slew of stimulus measures first announced late in September has turned into caution in recent days as investors look to further details of more fiscal support from policymakers.

Though China cut its benchmark lending rates on Monday, the move was anticipated.

Equities in Hong Kong (.HSI), opens new tab were last down 0.6%, while China's blue-chip index (.CSI300), opens new tab swung between losses and gains. It last traded 0.4% higher, while the Shanghai Composite Index (.SSEC), opens new tab gained 0.36%.

That capped gains in MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), opens new tab, which were last up a marginal 0.11%, a step back in sentiment after U.S. stocks posted a sixth straight week of gains on Friday.

Japan's Nikkei (.N225), opens new tab rose 0.34%.

Further details on Chinese stim...
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