Tokyo/New York — Asian shares slipped on Wednesday as investor concerns about rising tensions between the US and China tempered optimism about a reopening of the world economy.

US President Donald Trump said late on Tuesday he is preparing to take action against China this week over its effort to impose national security laws on Hong Kong, but gave no further details. Hong Kong shares led declines among major regional indices, with the Hang Seng falling 0.46%, though it kept a bit of distance from a two-month low touched on Monday. MSCI’s ex-Japan Asia-Pacific index lost 0.12%, with mainland Chinese shares down a similar amount...

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