Asia stocks set to trade lower as trade worries weigh on investor sentiment

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Stocks in Asia were set to decline despite the S&P 500 touching a new record overnight stateside, with trade concerns weighing on investor sentiment.

Overnight on Wall Street, the S&P 500 added 0.3% to post a new record closing high of 2,973.01.

The gains in stocks stateside were capped by concerns that the U.S. could bring its tariff threat to Europe.touching a new record overnight stateside, with global trade concerns weighing on investor sentiment. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 21,675, as compared to the Nikkei 225's last close at 21,754.27.

Shares in Australia were also poised to slip. The SPI futures contract was at 6,592.0, as compared to theOvernight on Wall Street, the S&P 500 added 0.3% to post a new record closing high of 2,973.01. The

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