SYDNEY (Reuters) – Asian shares faltered on Tuesday and the dollar hovered near two-week lows as prospects for a Sino-U.S. trade deal was dealt a blow after the United States charged Chinese telecom firm Huawei with bank fraud and for conspiring to steal trade secrets.
Pedestrians walk pass an electronic board showing the Japan’s Nikkei average (R) and other stock market indices outside a brokerage in Tokyo, Japan, February 29, 2016. REUTERS/Yuya Shino
MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.5 percent with Australia’s benchmark index down 0.7 percent and South Korea’s KOSPI off 0.6 percent.
Japan’s Nikkei slid over 1 percent. U.S. stock futures also lost ground following from a torrid overnight session on Wall Street, with E-Minis for the S&P 500 down 0.5 percent.
Investors were nervously awaiting a fresh round of U.S.-China trade talks with Chinese Vice Premier Liu He meeting U.S. officials on Wednesday and Thursday.
Prospects for a…