· European stocks edged lower Wednesday morning, amid souring market sentiment over ongoing trade talks between the world's two biggest economies.
The pan-European Stoxx 600 was down around 0.2 percent shortly after the opening bell, with most sectors and major bourses in negative territory.
President Donald Trump said Tuesday he was not satisfied with recent negotiations between the U.S. and China. His comments followed remarks over the weekend from U.S. Treasury Secretary Steven Mnuchin who said Washington and Beijing's current trade dispute was "on hold."
The U.S. president also threatened to fine ZTE Corp and warned he might shake up its management, amid broader plans for the White House to roll back more severe penalties against the Chinese telecom company.
· Asian shares were mostly weaker on Wednesday with investors cautious after U.S. President Donald Trump tempered optimism over progress made in trade talks between the world’s two largest economic powers.
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3 percent, while Japan’s Nikkei lost 1.2 percent to end at a 1-1/2-week low and the Shanghai Composite Index retreated 1.1 percent.
· Japan’s Nikkei share average suffered its biggest fall in two months on Wednesday, as comments from U.S. President Donald Trump rekindled worries about trade friction, hurting steelmakers and shippers among others.
The Nikkei tumbled 1.2 percent to 22,690, after sliding to 22,650 earlier, the weakest intraday level since May 11.
· China stocks fell the most in a month on Wednesday, dragged by a slump in coal miners as Beijing intervened to cool the red-hot coal market.
The blue-chip CSI300 index fell 1.3 percent to 3,854.58, while the Shanghai Composite Index declined 1.4 percent to 3,168.96 points, their sharpest single-day drop since late April.
Referenece: Reuters,CNBC
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