Tokyo: Stocks open lower on faded hopes for US-China deal

We’ll be curating stories from management guru John Bittleston and making them free to read.Mr Trump's comment added to trade uncertainty already stoked by Washington's re-imposition of metal tariffs on Argentina and Brazil and threats of steep levies for French merchandise in retaliation for a French digital tax that affects US tech giants.

"While the trade mood music can change very quickly, events over the past 48 hours has forced a reassessment in terms of what to expect before the end of the year," Mr Catril said in a note on Wednesday."So the tariff man is back and he has brought market volatility back to life, at least in the equity and bond market," the strategist said.

"The 'shooting itself in the foot' theory is evident when we look at currency markets, with broad-based weakness for the US dollar."

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