Asian stocks slipped on Thursday after cautious comments from U.S. Trade Representative Robert Lighthizer dented some of the recent optimism toward Sino-U.S. trade relations, while the dollar held gains, supported by higher bond yields.
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.1 percent.
Australian stocks fell 0.1 percent, South Korea’s KOSPI shed 0.5 percent and Japan’s Nikkei lost 0.5 percent.
Global equities scaled a four-month high earlier this week helped by upbeat expectations toward U.S.-China trade talks. On Wednesday, however, they dipped after Lighthizer said it was too early to predict an outcome in talks between Washington and Beijing.
Source : Reuters