Asia Stocks Drop on Trade Pessimism; Bonds Steady: Markets Wrap

Asian stocks retreated from their highest levels since October as global economic growth concerns resurfaced and investors questioned the potential for progress on the U.S.-China trade dispute. Shares in Hong Kong and Korea bore the brunt of the losses as Japanese stocks declined and futures on the S&P 500 Index fell. Trade tensions between the U.S. and China continue to weigh on sentiment, with the two sides reported to be far apart on reform demands as high-level talks continue in Beijing.

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