Asian shares faltered on Tuesday and the dollar hovered near two-week lows as prospects for a Sino-U.S. trade deal was dealt a blow after the United States charged Chinese telecom firm Huawei with bank fraud and for conspiring to steal trade secrets.
MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.5 percent with Australia’s benchmark index down 0.7 percent and South Korea’s KOSPI off 0.6 percent.
Japan’s Nikkei slid over 1 percent. U.S. stock futures also lost ground following from a torrid overnight session on Wall Street, with E-Minis for the S&P 500 down 0.5 percent.
Investors were nervously awaiting a fresh round of U.S.-China trade talks with Chinese Vice Premier Liu He meeting U.S. officials on Wednesday and Thursday.
Source : Reuters