Asian stocks fell the most in a week on Wednesday as the United States and China's ever-expanding dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3%. Japan's Nikkei slid 0.81%. Australian shares were down 0.92%.
U.S. two-year Treasury yields fell and the curve steepened in Asia after U.S. Federal Reserve Chair Jerome Powell signaled further interest rate cuts and the resumption of bond purchases to address a recent spike in money markets rates.