TOKYO (Reuters) – Asian shares fell on Wednesday for the first time in four trading sessions as investors awaited new developments that might scale back a bruising trade war between the United States and China.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS eased 0.12%. Australian shares were down 0.55%, Chinese stocks .CSI300 fell 0.25%, Japan’s Nikkei stock index .N225 rose 0.21%.
The pan-region Euro Stoxx 50 futures STXEc1 were down 0.03%, German DAX futures FDXc1 were down 0.06%, while FTSE futures FFIc1 were down 0.29%.
Treasury yields fell slightly and crude oil futures fell as investors took a breather as U.S. and Chinese negotiators continued their efforts to seal a preliminary trade deal. The world’s two biggest economies have signaled they are pushing hard for a ‘phase one’ trade agreement, possibly some time this month.
The dollar held onto overnight gains against the yen and the euro after better-than-expected data on the U.S. services…
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