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Asia Pacific equities edged lower again on Thursday after the latest turmoil in the White House exacerbated weak sentiment on Wall Street over fears of US-led trade war.
Shares in Japan were among the biggest losers in early trading, with the Tokyo’s Topix index down 0.9 per cent as all major segments declined.
In Sydney the S&P/ASX 200 index was down 0.3 per cent as modest gains from the basic materials and technology segments failed to offset declines from other sectors. Both bourses were on track for their third-straight day of losses.
Hong Kong’s Hang Seng dropped 0.8 per cent at the open and futures tip the CSI 300 of large companies in Shenzhen and Shanghai to fall 0.4 per cent when trading begins on the mainland.
Overnight, the S&P 500 ended 0.6 per cent lower, while the tech-heavy Nasdaq Composite index slipped 0.2 per cent. The Dow Jones Industrial Average fell 1 per cent, with Boeing down more than 2.6 per cent.
Those moves came after Rex Tillerson’s ousting as secretary of state reverberated through the market, adding to unease as US President Donald Trump continued to fuel fears of a trade war and weaker than expected US retail sales figures added more uncertainty.