In Asian Equity Markets trading was mixed with several regional markets looking to stem sharp losses made in the previous session that were caused by elevated fears of a trade war between the U.S. and China. Markets in South Korea shrugged off trade-related concerns to edge up, with the Kospi rising 0.59 percent as large-cap technology names traded higher. Among index heavyweights, Samsung Electronics added 0.64 percent and steelmaker Posco gained 0.59 percent. Chinese markets were tepid after Tuesday’s decline. The Hang Seng Index tacked on 0.34 percent.

In Currency Markets the US dollar steadied against the yen on Wednesday, as U.S. yields pulled back from lows hit on concerns about a worsening trade feud between Washington and Beijing, although persistent worries about the trade rift are likely to cap any greenback recovery. The dollar was little changed at 110.08 yen following its retreat to an eight-day trough of 109.55 on Tuesday. The Australian dollar, considered sensitive to shifts in sentiment towards China, fell to a 13-month low of $0.7347 on Tuesday before pulling back slightly to $0.7386.

In Commodities Markets oil prices recovered some day-earlier losses in Asia on Wednesday, supported by a decline in U.S. commercial crude inventories and the loss of storage capacity in oil producer Libya. U.S. crude inventories fell by 3 million barrels to 430.6 million barrels in the week to June 15, according to API in a weekly report on Tuesday. Brent crude futures rose 18 cents, or 0.2 percent, to $75.26 per barrel, compared with their last close on Tuesday. U.S. West Texas Intermediate crude futures  gained 20 cents, or 0.3 percent, to $65.27.

In US Equity Markets stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled the markets, though the three major indexes pared losses from earlier in the session. The S&P 500 lost 0.41 percent, to 2,762.43 and the Nasdaq Composite fell 0.32 percent, to 7,722.09. Shares of chip-makers, which depend on China for a large portion of their revenue, slipped. The Philadelphia Semiconductor index fell 1.2 percent. Shares of Boeing, which has been a proxy for trade-war tensions with China, fell 3.9 percent, weighing the most on the Dow.

In Bond Markets U.S. Treasury yields retreated on Tuesday as trade tensions between China and the United States intensified after President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods while Beijing warned it would fight back. U.S. benchmark 10-year yields fell to a three-week low of 2.853 percent, from Monday’s 2.926 percent. They ended Tuesday at 2.894 percent. U.S. two-year yields fell to a two-week low of 2.496 percent, compared with 2.558 percent late on Monday. Two-year yields ended Tuesday at 2.549 percent.