MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2%. Australian shares were down 0.17%, while Japan's Nikkei stock index slid 0.38%.
Oil prices fell as diminishing prospects for an immediate resolution to a 16-month long trade war between the world's two-largest economies suggested less demand for energy in the future. "Markets are now expecting substantial progress in the next week or so, and if not then confidence could crumble. There are diverging interpretations of Trump's comments. I tend to go with commodities like oil and copper because they are plugged in to global demand, so their fall is significant."
The standoff has roiled global financial markets and raised the risk of recession for some economies as global trade slows.