Asia shares withdraw in the midst of trading, global growth concerns

Asian stocks fell Wednesday after a slide on Wall Street amid growing tensions between the US and the EU and a weak global economic growth forecast.

Japanese reference Nikkei 225

NIK, -0.53%

fell 0.6% i. Australia's S & P / ASX

XJO, + 0.03%

was flat, along with South Korea's Kospi

SEU, + 0.49%

Hong Kong Hang Seng

HSI, -0.30%

drop 0.4%, while Shanghai Composite

SHCOMP, -0.07%

fell almost 0.4%.

On Wall Street, S & P 500

SPX, [0.645%] index fell 17.57 points, or 0.6% to 2.878.20. Dow Jones Industrial Average

DJIA, -0.72%

fell 190.44 points, or 0.7% to 26.150.58. Nasdaq Composite

COMP, -0.56%

slid 44.61 points, or 0.6% to 7.909.28. The Russell 2000 Index

RUT, -1.22%

of small capital shares gave up 19.32 points, or 1.2%, or 1,599.68.

The European indices also ended mostly lower and gave up early gains after the US threatened to impose $ 11.2 billion on European product prices, including cheese, wine and helicopters.

The threat from President Donald Trump could make investors even more concerned with trade disputes that damaged an already slowing global economy at a time when the United States is trying to resolve a trade conflict with China.

The saliva has already made a list of goods more expensive for consumers and weighs on an already slow Chinese economy. Dealers met again last week, and both parties have said they are making progress.

Traders were also disappointed to see that the International Monetary Fund lowered its global growth forecast this year. The IMF is now projecting 3.3% global growth by 2019, which is in line with the weakest year since 2009. The US was particularly poor in the report, with growth now expected at 2.3%, down from 2.9% in 2018.

Investors will get more clues about Fed's intentions on Wednesday, when the central bank publishes minutes from its last policy meeting. The European Central Bank will also meet on Wednesday.

"According to the tracking of growth and trade tensions, once again, sentiments in Asia markets have been undermined," said Jingyi Pan, marketing strategist at IG in Singapore.

Benchmark US crude

CLK9, + 0.36%

increased 11 cents to $ 64.09. It fell 0.7% to settle at $ 63.98 a barrel Tuesday. Burned crude oil

LCOM9, + 0.21%

let 4 cents to $ 70.65 per barrel.

dollar

+ 0.00%

fell to 111.14 yen from 111.28 yen on Tuesday. The euro

EURUSD, + 0.1066%

inched down to $ 1.1577 from $ 1.1277.

Provides critical information for the US trading day. Subscribe to MarketWatch's free need to know newsletters. Register here.