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Meanwhile, Hong Kong's Hang Seng index fell 1.07%, prolonging the losses of the previous session, the largest losses being seen in the energy sectors, real estate and materials. On the continent, the Shanghai Composite fell again by 0.68% after posting late gains in the previous trading session.
Elsewhere, Malaysian investors have monitored the arrest of former Prime Minister Najib Razak. The former prime minister was charged with three counts of criminal breach of trust on Wednesday, Reuters said. Malaysia's KLCI was stable in the morning, trading higher by 0.27%
The MSCI's Asia Pacific ex-Japan equity index fell 0.48% in the following -Midi Asian
expect US tariffs on $ 34 billion of Chinese products, which are expected to come into effect on Friday. The Chinese government has announced specific duties that will target the same value of US products.
In addition to China, the United States is also engaged in trade disputes with several other trading partners, including Canada, Mexico and the European Union. . Countries began imposing or starting to apply duties on US goods after being hit by the Trump administration 's decision to hit steel and aluminum imports.
before the July 6 deadline, with the Shanghai Composite Composite and the Shenzhen Composite Market in bearish territory, showing losses of at least 20% from the 52-week highs.
"I would not expect a recovery [for China markets] but I would expect some fluctuations around the current level … I think however, what we have seen with the stock market in China reflected more economic slowdown than fears of trade wars "Kristina Hooper, chief global market strategist at Invesco, told CNBC's" Squawk Box ". She added that Chinese equities may be under less pressure if the trade conflict worsens.
Leading US indexes ended Tuesday's session, which was held one day before the July 4th holiday, in negative territory. The Dow Jones Industrial Average lost 0.54% and the high-tech Nasdaq fell 0.86%.
Technology underperformed in the United States as semiconductors led the decline. The semiconductor maker based in Idaho, Micron, finished the session down 5.5% after losing up to 8%. These measures were taken while a Chinese court temporarily banned the sale of microchips on the local market, reported Bloomberg, citing a statement from United Microelectronics of Taiwan
"Other news on the Chinese side and from the United States suggest that the trade issue remains "David de Garis, director of the economy at National Australia Bank, said in a note
Also note the lingering weakness of the yuan, which s & # 39; is stabilized after touching its lowest levels. against the dollar in about 11 months overnight. The weakness of the currency observed since the middle of last month arises while the concern that trade between the United States and China could turn into a trade war with more serious consequences.
The yuan traded at 6h292 for a HK / SIN dollar, about 0.1% firmer than the last close. The Chinese central bank sought to calm the markets on Tuesday, the governor of the People's Bank of China, Yi Gang, saying the bank would keep the yuan at a reasonable level.
The dollar, on the other hand, is softened after its recent gains. Against the yen, the dollar traded at 110.43 to 11.56 HK / SIN
Among individuals, shares of ZTE were up 0.47% in Hong Kong after an increase of more than 7% Tuesday. The company, which faces US sanctions since April, is getting some relief from the US government, which has allowed the telecom equipment maker to conduct limited business. Shenzhen shares increased by 4.16%.
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