By Hideyuki Sano and Daniel Leussink
TOKYO (Reuters) – Asian stocks fell on Thursday after the US beat Chinese telecom giant Huawei with severe sanctions, threatening
for additional strain Sino-US trade bond.
The MSCI's widest Asia-Pacific stock index outside of Japan fell 0.2% and swam not far from its lowest since late January.
Japan dropped 0.6%, with banks damaged by weak earnings, while South Korean stocks also lost 0.6% and Chinese blue chips were down 0.2%.
Asian stocks had relied on early trading news that US President Donald Trump had plans to delay auto-import tariffs, which greatly attracted relief to markets hit by a flare-up of trade tensions and weak US and Chinese economies. data.
Bucking downtrend held Australian stocks stable as weaker than expected local job data supported expectations of a vulnerable center bank.
US Commerce Department said late on Wednesday that it was adding Huawei Technologies Co Ltd and 70 affiliates to its "Entity List" ̵
"There has been a growing link between an Asian market and US markets over the past six months," said Nick Twidale, chief of Rakuten Securities Australia in Sydney.
"US. Markets were raised on President Trump, and possibly withdrawn on car prices in both Europe and Japan, but really Asian markets have locked in the fact that he doesn't get out of the commercial war against China, he says.
Wednesday, Wall Street shares expanded a decline, with an increase of 0.58% and MSCI's broadest benchmark for world stocks bouncing back from a two-month low match on Tuesday. ()
Also on Wednesday, less than a week after Washington beat higher tariffs of $ 250 billion imports from China, State Secretary Steven Mnuchin said he would travel to Beijing soon to continue trading negotiations with Chinese colleagues.
The positive trade developments lifted overnight the risk sentiment that was previously steamed in the session with weak economic data.
China reported surprisingly weaker growth in retail and industrial production in April, while the total retail market posted the slower rise since May 2003.
In Uni ted states, retail sales of unknown fall fell in April as households reduced their purchases of motor vehicles and a number of other goods, while industrial production fell 0.5% in April, the third drop this year.
interest rate cut [19659004
The 10-year US government bond yields a decrease of 2.371%, close to its 15-month low of 2.340% affected March 28.
The two-year notes yield hit a 15-month low of 2,139% on Wednesday and lastly stood at 2.1616%.
Fed funds rate futures are full pricing in a price fluctuation by the end of this year and more than a 50 percent chance of a move by September.
"The markets step by step for pricing in a price cut. There is a sea difference from a year ago when the consensus was three to four interest rate increases a year," said Akira Takei, Asset Management One Bond Fund Manager.
In the FX Market, the Australian Dollar brushed its lowest since At the beginning of January, after a drop in the country's full-time jobs supported impressions, the central bank could be forced to lower prices soon to stimulate the economy.
"Domestic data is beginning to recover. We have also increased global concerns, says Rakutts Twidale.
"Expectations now will rise that we will get a cut in June or at the (Reserve Bank of Australia) meeting after that."
Against the yen, the dollar dumped a tenth of a percent to 109.49.
The euro rose 0.1% to $ 1,1208.
Oil prices were achieved on the prospect that the tension in the Middle East increased to global supplies despite an unexpected buildup
rose 0.5% to USD 72.10 per barrel while US West Texas Intermediate (WTI) crude retrieved $ 62.35, also half a percent higher.
The United States drew staff from the Embassy in Baghdad Wednesday without any apparent concern about perceived threats from Iran.
Sabotage of the tankers, for which no one has claimed responsibility, and Saudi Arabia's announcement on Tuesday that armed drones beat two of their oil pump stations, have raised concerns Washington and Tehran may be burdensome on conflict.
Gold edged down to $ 1,295.6 per ounce.