Asia stocks head lower after news that US won't cut more tariffs

TOKYO - Most Asia stock markets headed lower on Wednesday as investors awaited the signing of an initial US-China trade deal, with sentiment somewhat dented by comments from the US Treasury Secretary that tariffs would remain in place for now.

The news came hours before the signing of a preliminary trade agreement to ease an 18-month-old trade war between the world's two largest economies. US Treasury yields ticked down as investors took stock of weaker-than-expected consumer prices and the expected signing of the interim trade deal, with benchmark 10-year note yield falling to 1.807 per cent.

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Asia stocks rally to record high ahead of US-China trade dealSINGAPORE (REUTERS) - Asian share markets rose on Tuesday (Jan 14) and safe-haven assets slid as signs of goodwill between China and the United States supported optimism for global growth, with the world's two biggest economies preparing to formalise a trade-war truce.. Read more at straitstimes.com.
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CORRECTED-SE Asia Stocks-Most rise on Sino-U.S. trade deal optimismREUTERS
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