Asian shares set for mixed open after trade fears spook markets worldwide

U.S. stocks closed lower, with the Dow Jones industrial average erasing all of its gains made this year. Markets worldwide fell after U.S. President Donald Trump threatened new tariffs against China. Asian stocks were poised for a mixed open on Wednesday, with major regional markets set to stem the sharp losses made in the previous session that were caused by elevated fears of a trade war between the U.S. and China .

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