Asian stocks declined Thursday following Wall Street’s rebound amid uncertainty about U.S.-Chinese trade tension.
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China’s Shanghai Composite lost 0.2 percent, Japan’s Nikkei declined 0.5 percent and Hong Kong’s Hang Seng retreated 0.8 percent.
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U.S. equity futures are pointing to a trimming of gains from Wednesday.
Wall Street closed broadly higher on Wednesday, recovering from the previous day’s losses.
The Standard & Poor’s 500 index rose 0.7 percent, the Dow Jones Industrial Average climbed 1 percent and the Nasdaq gained 0.4 percent.
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| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 26036.1 | +258.20 | +1.00% |
| SP500 | S&P 500 | 2887.94 | +18.78 | +0.65% |
| I:COMP | NASDAQ COMPOSITE INDEX | 7856.881692 | +29.94 | +0.38% |
Investors were looking for news about the outlook for U.S.-Chinese trade negotiations following confusion over President Trump’s conflicting statements about the status of talks.
On Wednesday, President Trump’s plan to impose an additional 5 percent tariff on a list of $300 billion of Chinese imports was confirmed by the U.S. trade representative’s office.
The increases are slated for Sept. 1 and Dec. 15.
Negotiators are due to meet in September but there has been no sign of progress.
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Investors worry the spiraling tariff war over trade and technology could tip the global economy into recession.
The Associated Press contributed to this article.
