Asia stocks slip, dollar firms on growth concerns, Fed outlook
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HONG KONG : Asia stocks fell on Wednesday after faltering growth in China and Europe heightened concerns about global economic momentum, while the dollar firmed as investors weighed the outlook for Federal Reserve interest rates.
London and U.S. markets are poised to open lower with FTSE futures and E-mini futures for the S&P 500 index down 0.42 per cent and 0.13 per cent respectively at 0520GMT.
MSCI's gauge of Asia Pacific stocks outside Japan dipped 0.45 per cent.
The Hang Seng Index lost 0.56 per cent and China's benchmark CSI300 Index fell 0.59 per cent, ahead of China's August trade data set to be released on Thursday, with analysts expecting exports and imports to continue their declines, but at a slower pace.
Investor sentiment was dampened by a private-sector survey on Tuesday that showed China's services activity expanded at the slowest pace in eight months in August, reflecting weak demand.
