Asian stocks and Wall Street futures fell on Wednesday, as growing worries that ...
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.
The dollar drifted in Asia after U.S. President Donald Trump said a trade deal was “close” but gave no new details on when or where an agreement would be signed, disappointing investors in what was billed as a major speech on his administration’s economic policies. Expectations for a “phase one” trade deal some time this month have been a key factor supporting stocks and riskier assets recently. However, the lack of material progress on an agreement has only increased doubts about whether a trade deal will take place at all.
Washington and Beijing have imposed tariffs on each other’s goods in a bitter dispute over Chinese trade practices that the Trump administration says are unfair.
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