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Asian stocks were mixed Wednesday amid rising tensions between the U.S. and also the European Union and a dim prediction on international economic growth.

Japan’s benchmark Nikkei 225 dropped 0.5percent to 21,687.57. Australia’s S&P/ASX 200 was little changed, inching less than 0.1percent to 6,223.50. South Korea’s Kospi additional 0.1percent to 2,216.17. Hong Kong’s Hang Seng drop 0.2% to 30,103.08, while the Shanghai Composite was up 0.4 percent at 3,253.88.

On Wall Street, the S&P 500 index dropped 17.57 points, or 0.6%, to 2,878.20. The Dow Jones Industrial Average fell 190.44 points, or 0.7%, to 26,150.58. The Russell 2000 index of little stocks gave up 19.32 points, or 1.2 percent, or 1,559.68.

European indexes also ended widely lower, giving up early gains, following the U.S. threatened to impose $11.2 billion in tariffs on European products, including cheese, wine and helicopters.

The threat from President Donald Trump might make investors much more concerned about trade disputes damaging an already slowing worldwide economy at a time when the U.S. is attempting to solve a trade conflict with China.

That spat has made a list of goods more costly for customers and is weighing on a slowing Chinese economy. Negotiators met last week and the two sides have said they are making progress.

Traders were frustrated to see this past year that the International Monetary Fund reduced its forecast for growth. The IMF currently projects 3.3% global growth in 2019, fitting the weakest year because 2009. The U.S. fared particularly poorly in the report, together with growth now expected at 2.3%, down from 2.9percent in 2018.

Investors will get more hints about the Fed’s goals when minutes are released by the central bank out of its policy meeting. Wednesday the European Central Bank may meet.

“following the sporing of expansion and commerce tension concerns once more, sentiments in Asia markets have once again been sabotaged,” explained Jingyi Pan, market strategist at IG at Singapore.


Benchmark U.S. crude climbed 25 cents to $64.23. It dropped 0.7% to repay at $63.98 a barrel Tuesday. Brent crude additional 21 cents to $70.82 a cone.


The dollar fell to 111.15 yen out of 111.28 yen Tuesday. The euro inched down to $1.1266 from $1.1277.


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