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The Shenzhen composite fell 2.63% and the CSI 300 index of 2.4%
The Hang Seng Hong Kong index fell 2.02% at the beginning of months, the materials sector was the most affected. Meanwhile, Japan's Nikkei 225 fell by 1.74 percent, with toothfish losses in the morning as trade-sensitive stocks, like automakers, dropped: Toyota Motor dropped 0.98 percent hundred. Other Japanese exporters also traded less, with Advantest 2.29% and Canon 1.13%.
The dollar was less affected by the yen after the latest tariff news, with the greenback trading at 110.90 at 9:40 HK / SIN, after rising above the 111 level overnight.
Elsewhere, the Kospi lost 1.13% as South Korean exporters were affected by the generalized declines. Hyundai Motor dropped by 2.43% and Samsung Electronics, a heavyweight technology, fell by 1.3%
In Australia, the S & P / ASX 200 lost 0.66%, the sectors of Energy, materials and utilities recording the largest declines. Pacific shares outside Japan recorded 1.31 percent morning trading in Asia after the abrupt reversal of confidence on Wednesday
. Futures stock indexes have slipped further following the news. The implied opening for the Dow Jones Industrial Average futures was lower by more than 200 points at 20:20. AND. The implicit opening for the S & P 500 and the Nasdaq was also in the red
"The problem is that we do not know where this is going in the future, this could hit business investment, this could be detrimental to job creation. "Erik Norland, senior economist at CME Group, told CNBC's" Squawk Box "channel.
The latest news on the commercial front comes after US tariffs on $ 34. Billion Chinese goods took effect Friday, a move against which China responded quickly. US President Donald Trump said last week that an additional $ 500 billion could face tariffs.
On Tuesday, the Dow Jones rose 0.58%, or 143.07 points, to close at 24.919.66. The S & P 500 rose 0.35% to 2793.84 and the Nasdaq composite rose 7.09% to 7.059%
. Analysts surveyed by FactSet were expecting 20% growth in second-quarter profits for the S & P 500.
– Fred Imbert of CNBC contributed to this report.
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