Asian stocks hit by trade confusion and HK unrest

Asian stocks and Wall Street futures fell on Wednesday, as confusing signals ove...

TOKYO - Asian stocks and Wall Street futures fell on Wednesday, as confusing signals over the extent of progress made in U.S.-China trade talks and concern about intensifying unrest in Hong Kong hurt demand for risky assets.

The dollar drifted in Asia after U.S. President Donald Trump said a trade deal was “close” but gave no new details on when or where an agreement would be signed, disappointing investors in what was billed as a major speech on his administration’s economic policies. “I’m absolutely concerned. The clock is ticking,” said Michael McCarthy, chief market strategist at CMC Markets in Sydney.

The standoff has roiled global financial markets and raised the risk of recession for some economies as global trade slows.

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