Asian stocks tracked Wall Street losses on Thursday as rhetoric from Beijing and Washington over trade matters kept alive investor concerns about the tariff war's impact on global economic growth.
MSCI's broadest index of Asia-Pacific shares outside Japan stood little changed after slipping to a four-month low the previous day. Japan's Nikkei was down 0.5% and Australian stocks shed 0.66%.
The risk aversion propped up global safe-haven assets such as government bonds, with yields on German benchmark debt approaching record lows.
The dispute between the world's two largest economies showed few signs of abating, with Chinese newspapers reporting that Beijing could use rare earths to strike back at Washington after U.S. President Donald Trump remarked he was “not yet ready” to make a deal with China over trade.
Source : Reuters