Hong Kong (CNN Business)Asian markets tumbled Thursday, as worries grew over the possible delay of a preliminary trade deal between the United States and China.
Hong Kong’s Hang Seng Index (HSI) briefly slid 2.2% in early trading. It recovered some of those losses later in the morning and was last down 1.6%. Japan’s Nikkei 225 (N225) declined 1.7%. South Korea’s Kospi (KOSPI) also dropped 1.4%. China’s Shanghai Composite Index (SHCOMP) was off 0.2%.
US stocks closed lower on Wednesday, after a Reuters story said the United States and China may not be able to reach a “phase one” deal as both sides have heightened demands of their own.
