TOKYO (Reuters) – Asian stocks and Wall Street futures fell on Wednesday, as confusing signals over the extent of progress made in U.S.-China trade talks and concern about intensifying unrest in Hong Kong hurt demand for risky assets.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.03% to the lowest in more than a week. Hong Kong shares slumped 2% to a four-week low, battered by fears that anti-government protests appear to be spiraling out of control.
The pan-region Euro Stoxx 50 futures were down 0.57%, German DAX futures were off 0.58%, and FTSE futures fell 0.54%.
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.
Trump also rattled some investors by threatening China with even more tariffs if they do not sign a deal.
Oil prices fell as…
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