· Shares in Asia fell for an eighth straight session on Wednesday on lingering worries over the escalating U.S.-China trade war, but losses and nerves were soothed somewhat by White House assurances that it wants to press ahead with negotiations.
MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed in early trade but turned lower and was down 0.2% by 0459 GMT.
Comments from Larry Kudlow, director of the White House National Economic Council Kudlow, may have also tempered some jitters. He said on Tuesday the Trump administration wants to continue trade talks with China and is still planning to host a Chinese delegation for talks in September.
· Japan's Nikkei fell on Wednesday as a stronger yen and fears of a global currency war prompted investors to sell riskier assets, though some upbeat corporate results and Wall Street's bounce helped curb losses.
Japan's Nikkei fell on Wednesday as a stronger yen and fears of a global currency war prompted investors to sell riskier assets, though some upbeat corporate results and Wall Street's bounce helped curb losses.
The Nikkei stock average ended the day down 0.33% at 20,516.56 points.
"Gains by the yen and lingering concerns towards the U.S.-China trade and currency war weighed on the market. The yuan is still above the 7 per dollar and how currency issues pan out is a key concern," said Chihiro Ohta, equity general manager at SMBC Nikko Securities.
· China stocks ended lower on Wednesday posting their sixth straight session of losses, amid persistent worries of an escalation in the Sino-U.S. trade tensions.
The blue-chip CSI300 index fell 0.4%, to 3,621.43, while the Shanghai Composite index shed 0.3% to 2,768.68.
For the first time this year, the benchmark Shanghai index on Tuesday fell below the 250-day simple moving average, widely seen as a key level separating bull and bear markets, the report added.
· European stocks traded mostly higher on Wednesday, after China’s central bank set its currency slightly weaker than expected amid an ongoing escalation of its trade war with the U.S.
The pan-European Stoxx 600 rose by 0.2% in early trade, chemicals leading the gains with a 0.6% climb while basic resources slipped 0.9%.
Reference: CNBC
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