Asian shares were mostly lower Thursday amid investor jitters ahead of the latest round of trade talks between the U.S. and China.
Japan's benchmark Nikkei 225 was down 1.3% in early trading to 21,333.22. Australia's S&P/ASX 200 gained 0.4% to 6,291.60. South Korea's Kospi dropped 1.0% to 2,145.82. Hong Kong's Hang Seng lost 1.6% to 28,549.70, while the Shanghai Composite shed 1.0% to 2,862.98.
Financial markets turned volatile this week after President Donald Trump threatened to impose more tariffs on Chinese goods, a threat that is set to become reality early Friday. Negotiations between the U.S. and China are scheduled to continue in Washington on Thursday, and will include China's top trade official.
"The pressure looks to continue amid the trade concerns found within the market with heightened volatility a new normal this week," said Jingyi Pan, market strategist with IG in Singapore. Investors have been anticipating a deal throughout this year, which contributed to double-digit gains in all the major indexes. But the latest tough talk is raising anxiety on Wall Street and casting more doubt about a resolution.
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