By Shinichi Saoshiro
TOKYO (Reuters) – Asian stocks returned earlier gains and fell on Thursday, with Chinese markets firmly set on risks from China-US. The spread of European stocks expected by Spreadbetters in 1
19659004] The leaders of the United States and Canada were optimistic on Wednesday that the NAFTA negotiations would meet the deadline for a deal on Friday, just days after the US and Mexico reached a bilateral agreement.
But MSCI's broadest index for Asia-Pacific equities Japan fell 0.3 percent, with broad gains in the region offset by losses in China.
Shanghai Composite Index slipped 0.9 percent and Hong Kong's Hang Seng fell 0.8 percent.
"Investors are currently relatively pessimistic and cautious in trading volumes, as there are still concerns over the development of Sino-US trading," said Yan Kaiwen, an analyst at China Fortune Securities.  US. Tariffs on another 200 billion Chinese goods are expected to come into force next month.
The Australian stocks were virtually flat. The Japanese Nikkei initially reached a three-month high on Wall Street gains, but shied away from profits and had risen a modest 0.05 percent lately.
South Korea's KOSPI was a shadow lower.
Larger South Korean Steel Producers such as POSCO and Hyundai Steel However, after news that US President Donald Trump had signed a proclamation allowing a targeted exemption of steel and aluminum quotas from countries like South Korea, this came about.
US equities broadened their rally on Wednesday as the S & P 500 and Nasdaq reached record highs in a fourth session as technology stocks boosted indices and promising NAFTA negotiations boosted investor confidence.
Canada joins talks to modernize 24-year-olds The old NAFTA to Mexico and the United States announced Monday a bilateral trade agreement that helped put global equities on a stronger footing this week.
The White House has stated that it would like to regulate the NAFTA pound sterling before a negotiation with China, as fears of a "hard Brexit" subsided after the European Union negotiator signaled a accommodative stance towards London in ongoing talks.
Sterling rose to a 3-1 / 2-week high at $ 1.3039, expanding its gains thereafter, rising more than 1 percent overnight.
The dollar index against a basket of six major currencies fought next to a four-week low of 94,434, which was plotted on Tuesday, weighed by the rally of the pound.  The greenback was also on the defensive this week as safe-haven demand for the currency eased as risk sentiment improved in broader markets.
The Euro was 0.15 percent lower at $ 1.1693, giving back the previous day's gains. The dollar was 111.65 yen, after rising 0.4 percent overnight.
The Chinese yuan lost about 0.2 percent, reaching a six-day low of $ 6.8332 in onshore trading. Investors kept the Turkish eye in mind Lira, which stretched losses and retreated to a two-week low, after Moody's Wednesday saw 20 Turkish banks in another blow to a country already plagued by a financial crisis , crashed into diplomatic clashes with the United States.
Others Fight Emerging market currencies have included the Argentine peso. The peso plunged overnight to a record low against the dollar, after Argentine President Mauricio Macri asked the International Monetary Fund (IMF) for early help and alarming investors.
The IMF said it is investigating Argentina's request that crude oil futures payouts rise 0.2 percent to $ 77.28 a barrel and US crude oil futures climbed 0.25 percent to $ 69 $ 67 per barrel.
Oil contracts rose more than 1 percent on Wednesday Declines in US crude oil and gasoline inventories and US sanctions reduced Iranian crude oil supplies.
(Report by Shinichi Saoshiro, additional coverage by Luoyan Liu, edited by Sam Holmes and Kim Coghill)