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Asian stocks slide on trade war worries

Asian shares slid on Wednesday on deepened concerns over China-U.S. trade relations ahead Trump administration's end-of-week deadline to impose import tariffs on Chinese goods.

Photo: Reuters

MSCI’s broadest index of Asia-Pacific shares was 0.25 percent lower, a day after it scaled a nine-month trough.

Japan’s Nikkei reversed earlier declines to trade unchanged by late afternoon.

Mainland China's shares fell, with CSI300 Index shed 0.7 percent.

Wall Street slipped overnight, erasing early gains in a calm session before the Independence Day holiday on Wednesday, as tech sector declined just a day after their impressive start for the quarter on Monday.

The S&P 500 lost 0.49 percent and the Nasdaq Composite slumped 0.86 percent.

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