TOKYO (Reuters) – Asian stocks slipped to 14-month lows on Wednesday with investor confidence chilled by the latest round of verbal threats in an intensifying U.S.-China trade conflict.
FILE PHOTO: A man walks in front of a screen showing today’s movements of Nikkei share average outside a brokerage in Tokyo, Japan, June 2, 2016. REUTERS/Issei Kato/File Photo
Spreadbetters expected European stocks to open flat to higher in light of Wall Street gains, with Britain’s FTSE .FTSE starting little changed, Germany’s DAX .GDAXI gaining 0.15 percent and France’s CAC .FCHI adding 0.25 percent.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS lost 0.3 percent, plumbing its lowest levels since July 2017.
MSCI Asia-Pacific index: reut.rs/2CKvjvt
Tokyo’s Nikkei .N225 declined 0.4 percent and Australian stocks gave up 0.1 percent, while South Korea’s KOSPI