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· Asian stocks fell the most in a week on Wednesday as the United States and China’s broadening dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth.

MSCI's broadest index of Asia-Pacific shares outside Japan was down0.61%. Chinese shares .CSI300 fell 0.32% after briefly touching a five-week low. Australian shares were down 0.76%.

· Japanese shares fell on Wednesday as escalating U.S.-China tensions dimmed hopes for a deal in high-level trade talks this week and soured the mood of investors.

The Nikkei share average fell 0.61% to 21,456.38 while the broader Topix lost 0.30% to 1,581.70, though both had pared earlier losses and advancing shares outpaced declining stocks.

Kansai Electric Power Co Inc’s (9503.T) chairman will resign to take responsibility for a graft scandal that has rocked public trust in Japan’s second-largest utility, public broadcaster NHK reported, in a reversal of his stated intention to stay on.

· European stocks opened mostly lower Wednesday as risk-off trading continues amid fading hopes of an imminent resolution to the U.S.-China trade war.

The pan-European Stoxx 600 slid 0.2% in early trade, autos falling0.6% to lead losses as most sectors and major bourses traded in negative territory. Britain’s FTSE 100 made slight gains on the back of a fall in the value of Sterling, as Brexit talks threaten to implode.

· China stocks erased losses to end higher on Wednesday, as banks and real estate firms jumped, while investors were cautious ahead of important trade talks between the U.S. and China.

The blue-chip CSI300 index rose 0.1% to 3,843.24, while the Shanghai Composite Index closed up 0.4% at 2,924.86.

· Dow Jones Forecast: Index Shows Signs of Vulnerability

The Dow Jones slid lower on Tuesday, damaged by a deterioration in US-China trade talks following an announcement by the Chinese Commerce Ministry. Consequently, the likelihood of a trade deal has diminished and was undercut further when the United States announced it would add another 28 Chinese companies to the entity list. The decision marks yet another instance in the US-China trade war where the two sides have traded immaterial improvements and empty optimism for concrete escalations.

Dow Jones Price Chart: Daily Time Frame (January 2018 – October2019)

Currently residing around 25900, the DJIA trades approximately 300points higher – meaning a daily decline of just 1.5% could see the Index reach the key level of support. If broken, the Index could look to test subsequent support – around 25200 – which is marked by the various swing lows throughout the last 20 months.

Reference: Reuters, CNBC, Daily FX