Tokyo — Stocks and commodities recovered slightly on Thursday, as markets tried to consolidate from the previous session’s steep losses, when fear of an escalation in the US-China trade war jolted investor sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.05%. The index slumped 1% on Wednesday along with a slide in global equities after US President Donald Trump’s threat to imposing tariffs on another $200bn of Chinese goods deepened the trade row between the world’s two largest economies. Hong Kong’s Hang Seng rose 0.2% and the Shanghai composite index bounced 1.1%. Australian stocks were up 0.7%, South Korea’s Kospi added 0.35% and Japan’s Nikkei gained 1.1%. Pointing to a moderately higher opening for Wall Street shares later in the day, S&P 500 futures and Dow Jones industrial average futures were both up by 0.3%. “The markets had some time to digest the latest trade war developments and are poised to begin consolidating. It has become a pattern o...
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