TOKYO: Asian stocks and Wall Street futures fell on Wednesday, as growing worries that U.S.-China trade talks are stalling and concern about intensifying unrest in Hong Kong hurt demand for risky assets.
Oil prices fell as diminishing prospects for an immediate resolution to a 16-month long trade war between the world's two-largest economies suggested less demand for energy in the future. U.S. stock futures fell 0.27per cent in Asia after the S&P 500 eked out a 0.16per cent gain on Tuesday. The S&P 500 and Nasdaq hit all-time peaks during trading on Tuesday but stocks ended off session highs after Trump's speech.
In a reminder of the potential for further friction, Trump said on Tuesday he would raise tariffs on Chinese goods"very substantially" if China does not agree a deal."And that's going to be true for other countries that mistreat us too," he added.
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