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Asia stocks set to slip as investors watch US-China trade negotiations

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Secretary of State Mike Pompeo said Monday he thought Washington and Beijing were 'on the cusp' of reaching a deal that would end the trade skirmish.

Shares in Asia were poised to slip at Wednesday's markets open following an overnight slip on Wall Street as investors watched developments on the U.S.-China trade front.

Secretary of State Mike Pompeo said Monday he thought Washington and Beijing were"on the cusp" of reaching a deal that would end the trade skirmish. On the first day of China's annual National People's Congress on Tuesday, a private survey showed that the country's services sector in February saw its slowest rate of growth in four months.

The services PMI numbers were"more influential on markets" than anything coming out of the first day of the NPC and"affirmed" Beijing's GDP growth target for 2019, Rodrigo Catril, head of foreign exchange strategy at National Australia Bank, said in a morning note.

 

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