Stocks on Wall Street, the dollar and Treasury debt rates all fell on Wednesday after U.S. President Donald Trump's threat to shut down the government and nix a trade accord with Canada and Mexico gave investors pause. European equities shrugged off a survey that showed euro zone manufacturing businesses in August had their best month of growth in six and a half years. The upbeat survey was the latest sign of economic recovery in the single currency bloc, which may lead the European Central Bank to start scaling back its stimulus program.
Japan's Toshiba Corp is prioritizing negotiations with Western Digital to sell its memory chip business after talks stalled with a previously preferred bidder, sources familiar with the matter said on Wednesday. The conglomerate is scrambling to sell its flash memory unit to cover losses from its bankrupt U.S. nuclear business Westinghouse. In June, it picked a consortium including Japanese government-backed funds, private equity firm Bain Capital and South Korean chip maker SK Hynix as the preferred bidder for the prized unit.
After regaining strength last week, China's Shanghai Composite Index started this week on a stronger note. However, it lost momentum on Tuesday.