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· Global bond yields flirted with record lows while stocks inched down on Thursday, as global recession worries from intensifying U.S.-China frictions and the spectre of a no-deal Brexit drove investors to safer harbours.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.15%, Singapore shares hit eight-month lows, while Japan’s Nikkei shed 0.07%.

“Falls in global bond yields reflect growing concerns that long-term global growth is slowing down on U.S.-China tensions and worries over subsequent global supply chain disruptions,” said Tomoo Kinoshita, global market strategist at Invesco Asset Management in Tokyo.

· Japan’s Nikkei share average edged lower on Thursday, as an early Wall Street-led bounce gave way to lingering concerns that trade conflicts and political risks would hurt the global economy.

The Nikkei ended the session down 0.09% at 20,460.93, having advanced a modest 0.15% the previous day. The index rose as much as 0.2% in early trade after all three of the major U.S. stock indexes posted gains overnight.

But the Nikkei’s rise sputtered on underlying concerns about another flare-up in the U.S.-China trade war and latest developments in the Brexit saga pointing to fresh turbulence in the financial markets ahead.

“The market can’t get much of a lift as it waits for Sept. 1 to see if extra U.S. tariffs on Chinese imports actually kick in,” said Yutaka Miura, senior technical analyst at Mizuho Securities.

· China stocks closed lower on Thursday, led by declines in banks and developers, due to worries of a global recession from an intensifying U.S.-China trade war and the rising possibility of a no-deal Brexit.

The blue-chip CSI300 index fell 0.3% to close at 3,790.19, while the Shanghai Composite Index slipped 0.1% to 2,890.92.

· European stocks were slightly lower in early trading on Thursday, as fears of a global recession and the impact of a disorderly Brexit kept investors away from risky assets.

The pan-European Stoxx 600 edged just above the flatline at the opening bell, autos leading losses with a 0.4% fall while construction and materials stocks added 0.3%.

Reference: CNBC