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Asia markets set to come under pressure as U.S.-China ties worsen

Asian stocks were likely to come under pressure on Thursday as fresh diplomatic tensions between Washington and Beijing heightened investor jitters and overshadowed the boost to Wall Street from U.S. stimulus hopes.

In early Asian trade, Japan’s Nikkei 225 futures lost 0.02% while Hong Kong’s Hang Seng index futures fell 0.05%.

Australian S&P/ASX 200 futures rose 0.12% and E-mini futures for the S&P 500 were up 0.13%.

In the latest deterioration in Sino-U.S. ties, the United States ordered China to close its consulate in Houston, saying it was “to protect American intellectual property and Americans’ private information.”

Reference: Reuters