SHANGHAI (Reuters) – Asian shares fell on Thursday as investors enjoyed new setbacks in China-US trade talks. However, the negative sentiment was dampened by minutes of the Fed's minutes, which would not increase the pace rates.
MSCI's broadest index for Asia Pacific equities outside of Japan remained unchanged, while the Japanese Nikkei stock index was 0.6 percent lower.
One day after US President Donald Trump said he was not pleased with trade talks between the US and China, he called for "a different structure" in every trade deal. This step heightened uncertainty over the negotiations and led to a decline in the stock markets.
The publication of the minutes from 1.-2. However, the Federal Reserve's May eased market concerns that interest rates would be raised faster than expected. The protocol, which was considered cautious, helped put US stocks on the positive side on Wednesday.
"(minutes) read broadly in line with the latest FedPeak consensus showing no signs of accelerated inflation, wage improvements are not broad, drivers of the labor force are still a mystery, and the flatter yield curve is not flashing red", said the analysts of Citi in a note.
The Dow Jones Industrial Average rose 0.21 percent to 24,886.81, the S & P 500 rose 0.32 percent to 2,733.29 and the Nasdaq Composite 0.64 percent to 7,425.96.
The yield on the two-year Treasury note, which rises with traders' expectations of higher Fed interest rates, was 2.5282 percent.  The benchmark benchmark 10-year bond yield fell below the 3-percent mark to 2.999 percent, compared to its closing price of 3.003 percent on Wednesday in the US.
Australian equities were down 0.1%, extending losses in the sixth consecutive session to low iron ore and oil prices. New Zealand's benchmark S & P / NZX 50 Index was 0.4 percent higher.
U.S. Crude oil was $ 71.83 a barrel. Oil prices fell on Wednesday following an unexpected rise in crude oil and gasoline inventories in the US.
Brent futures were $ 79.80 a barrel. Last week, the global benchmark rose above $ 80 for the first time since November 2014.
The most traded iron ore futures on the Dalian Commodity Exchange closed on Wednesday at 0.7 percent.
The dollar fell 0.25 percent against the yen to 109.78.
The euro rose 0.1 percent to $ 1,170 in the day. The dollar index, which tracks the greenback against a basket of six major competitors, was down 0.1 percent at 93,894.
Emerging market currencies are in the spotlight after the Turkish central bank raised interest rates by 300 basis points to support a lower lira.
The bank, which was scheduled to hold its next monetary policy meeting on June 7, said it had raised its key interest rate from 13.5 percent to 16.5 percent.
The lira fell 20 percent this year to a series of record lows, but the currency reversed after the central bank decision. It was last by 0.2 percent at 4.5790 to the dollar.
Gold was a bit higher. Spot gold traded at $ 1295.51 an ounce. [GOL/]
Reporting by Andrew Galbraith; Editing by Eric Meijer