In Asian Equity Markets indices traded mixed Wednesday. Mainland Chinese shares gained in early trade: The Shanghai composite added 0.25%, the Shenzhen component rose 0.74% and the Shenzhen composite advanced 0.54%. In Hong Kong, the Hang Seng index fell 0.24% while Japan’s Nikkei 225 fell 0.52%, with index heavyweight and robot maker Fanuc shedding 1.34%. South Korea’s Kospi, meanwhile, traded largely flat as shares of chipmaker SK Hynix rose 1.81%. Over in Australia, the S&P/ASX 200 was fractionally lower.

In Currency Markets the U.S. dollar fell against the yen as Japanese stocks opened lower on Wednesday in a sign markets remain nervous about U.S.-China trade frictions following major foreign exchange volatility in the previous session. The offshore yuan was unchanged at 7.0531 per dollar, holding on to gains after rallying from 7.1397, the lowest since international trading in the currency began in 2010. The dollar index, which measures the greenback against six major currencies, rose 0.37% to 97.581.

In Commodities Markets oil fell on Wednesday as the intensifying Sino-U.S. trade dispute stoked worries over demand, although a drop in U.S. crude inventories offered some support to prices. International benchmark Brent crude futures were at $58.70 a barrel, down 0.41%, from their previous settlement and trading near seven-month lows. WTI crude futures fell 0.37%, from their last close to $53.43 per barrel. U.S. crude inventories fell by 3.4 million barrels in the week ended Aug.2 to 439.6 million barrels, compared with analyst expectations for a decrease of 2.8 million barrels.

In US Equity Markets stocks ended more than 1 percent higher on Tuesday, bouncing back from a sharp sell-off the previous day as China stepped in to stabilize the yuan, easing concerns that currencies would be the latest weapon in the U.S.-China trade war. The S&P 500 gained 1.30%, to 2,881.83 and the Nasdaq Composite added 1.39%, to 7,833.27. Disney shares were trading 5% lower after it reported a steeper earnings decline than Wall Street expected on Tuesday.

In Bond Markets the spread between U.S. shorter- and longer-dated Treasury yields compressed more on Tuesday after St. Louis Federal Reserve President James Bullard cautioned about protracted risks from trade for the Fed and the U.S. economy. The two-year to 10-year part of the yield curve flattened to 11.2 basis points, its session low, while the five-to-30-year part of the curve flattened to 71.1 basis points.