Asian stocks fell to a 14-month low as investors were hurt by verbal threats in the escalating trade conflict between the United States and China. The broader MSCI Asia Pacific index outside Japan lost 0.3% to its lowest level since July 2017.
The Hang Seng Index in Hong Kong fell by 0.4%, the Shanghai Composite Index fell by 0.3%, Japan's Nikkei fell by 0.4%, and Australian shares lost 0.1%, while South Korea's Kospi fell by 0.3%.
Trading was weak due to verbal threats between the United States and China, where months of tensions between the world's two largest economies have intensified, which has had a major impact on high-risk assets.
China told the World Trade Organization yesterday it wants to impose $ 7 billion a year as sanctions against the United States for not complying with the dumping charge rule. For his part, U.S. President Donald Trump said the United States is taking a firm stand with China.
Asian stocks and emerging-market stocks have faced persistent selling pressure over recent months in the wake of trade tensions and concerns over crises in Turkey and Argentina.
