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By Tomo Uetake
TOKYO (Reuters) – Asian shares with Sino-U.S. trade war and tracking losses on Wall Street indexes.
MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.3 percent. The index has declined more than 12 percent this month and is on track for its biggest.
Shanghai shares fell 0.6 percent in early trade Japan's average Nikkei rose 0.7 percent, clawing back in a volatile session.
Major U.S. clues fell after a Bloomberg report that the President is Donald Trump and Xi Jinping Falter.
The CBOE Global Markets volatility index, known as Wall Street's "fear gauge", jumped to as much as 27.86 points, its highest since Oct. 11 and the second highest since the volatility shock of early February.
"The probability of global stocks is increasing," said Masanari Takada, cross-asset strategist at Nomura Securities.
"While some investors who look at the fundamentals buy stocks on dips, there are other players who keep selling in the market.
China's yuan slipped further to near-two-year lows after the central bank set its official yuan midpoint at the lowest fixing in more than a decade.
In the onshore trade, the yuan slipped 0.1 percent to 6.9698 per dollar, rising 7 percent to 7 percent.
The dollar index is higher than 10-week high on Friday. German Chancellor Angela Merkel would not seek re-election as head of her CDU party.
Merkel said she would not seek re-election as a party chairwoman, heralding the end of a 13-year era in which she has dominated European politics.
Oil prices are expected to increase in the global economy. [O/R]
The West Texas Intermediate crude futures and Brent crude futures at $ 66.87 and $ 76.92 in barrel, respectively.
(Reporting by Tomo Uetake Editing by Sam Holmes)
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