Stocks Struggle Near Three-Week Lows

Fresh sparring between Washington and Beijing over trade kept up pressure on world markets on Wednesday. led by the Indian rupee hitting a record low, equities were struggling and emerging currencies mostly weaker.
A bruising session in Asia took MSCI’s main Asia-Pacific ex-Japan index to a 10th straight day in the red. Reuters reports that its longest losing streak since September 2000.
Bourses in Shanghai, Hong Kong and Tokyo all closed lower, taking emerging equities to a new 15-month low. MSCI’s all-country equity index inched up marginally.
Salman Ahmed, chief investment strategist at Lombard Odier, said, “What the market needs is a signal of some relaxation in trade rhetoric, a bit of climbdown."