Asian markets lose ground as traders await US-China trade deal
Equities are weaker after sentiment is dented by comments from the US treasury secretary that tariffs on Chinese goods will stay in place
Tokyo — Stocks slipped in Asian trade on Wednesday as investors awaited the signing of an initial US-China trade deal, with sentiment somewhat dented by comments from the US treasury secretary that tariffs would remain in place for now.
MSCI's broadest index of Asia-Pacific shares outside Japan retreated 0.40%, Japan's benchmark Nikkei and South Korea’s KOSPI shed 0.46% and 0.40%, respectively, while Australian stocks added 0.33%. China’s Shanghai Composite fell 0.59% and Hong Kong’s Hang Seng dropped 0.72%...