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TOKYO (Reuters) - Asian stocks struggled near a 3-1/2-month low on Wednesday on lingering concerns over the economic impact of a U.S.-China trade war, although an overnight bounce on Wall Street helped limit the losses.
The index had fallen to its lowest level since the end of January the previous day as a trade conflict between the United States and China intensified. Beijing on Monday imposed a tariff hike on U.S. goods following Washington’s decision last week to hike its levies on Chinese imports.
Australian stocks added 0.07%, South Korea’s KOSPI slipped 0.1% and Japan’s Nikkei shed 0.4%.
U.S. stocks on Tuesday reclaimed some of the ground lost in the prior day’s steep sell-off, with tariff-sensitive technology stocks heartened by a slight softening in U.S.-China trade rhetoric. [.N]
U.S. President Donald Trump on Tuesday said he had a “very good” dialogue with China and insisted talks between the world’s two largest economies had not collapsed.
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RT @bdnews24: Asia stocks wobble near three-and-a-half-month low as trade worries linger: Asian stocks struggled near a 3-1/2-month low on…
Global stocks gain after Trump auto-tariff delay, weak data... https://t.co/X7vtMkdn67