· Stocks fell from record highs on Tuesday after President Donald Trump cast doubt on the trade progress between China and the U.S.



The Dow Jones Industrial Average slipped 23.53 points, or 0.1%, to 27,335.63, ending a four-day winning streak. The S&P 500 closed 0.3% lower at 3,004.04 and snapped a five-day winning streak. The Nasdaq Composite fell 0.4% to 8,222.80. The averages had notched all-time closing highs in the previous session.



Trump said the two countries have a “long way to go” on trade, adding the U.S. can slap tariffs on an additional $325 billion worth of Chinese goods “if we want.”



· Trump said the two countries have a “long way to go” on trade, adding the U.S. can slap tariffs on an additional $325 billion worth of Chinese goods “if we want.”

Trump’s comments come after China and the U.S. agreed not to ratchet up trade tensions in an effort to restart negotiations. China and the U.S. have slapped tariffs on billions of dollars worth of each other’s imports since last year. The ongoing trade war has sparked fear of slower economic growth around the world. They also come as the U.S. corporate earnings season kicks into full gear.

· European stocks closed higher on Tuesday as traders monitored a slew of earnings reports.

The pan-European Stoxx 600 was up 0.3% at the end of the session, with construction and material stocks, up 1.65%, leading the gains.

· Stocks in Asia were mixed on Tuesday, as minutes from a recent meeting by the Reserve Bank of Australia showed the central bank’s willingness to move on monetary policy if necessary.

In China, the Shanghai composite slipped 0.16% to close at 2,937.62, while the Shenzhen component shed 0.28% to finish its trading day at 9,283.41. The Shenzhen composite closed just below the flatline at 1,571.81.



Hong Kong’s Hang Seng index advanced about 0.1%, as of its final hour of trading.



· Stocks in Asia slipped in Wednesday morning trade following overnight developments on the US-China trade front.



The Nikkei 225 in Japan slipped 0.31% in early trade, with shares of index heavyweight and conglomerate Softbank Group dropping 1.89%, while the Topix shed 0.21%.



Over in South Korea, the Kospi traded 0.68% lower, as chipmaker SK Hynix saw its stock fall 1.97%. Australia’s S&P/ASX 200 slipped fractionally as the sectors traded mixed.



Overall, the MSCI Asia-ex Japan index slipped 0.16%.



Reference: CNBC, Reuters