Asian markets down on Wall Street sell-off

HIS tweets may have bearing on market sentiment and shake indices but US President Donald Trump's comments on the US-China trade truce is not the only factor to have played into Wall Street's sell-off on Tuesday. It also played into a lacklustre session for Asian markets.

Concerns over the outlook of the US economy grew on an inversion of a segment of the US treasury yield curve, a measure viewed as an early indicator of a potential economic recession.

CMC Markets' Margaret Yang said: "Revamped trade uncertainties and a surprising inversion of part of the US treasury yield curve catalysed panic selling in US equities."