However, the development injects fresh uncertainty into financial markets, which have already been heavily jostled by emerging global political risks in recent years.Chinese shares slumped and oil futures extended declines after Trump harshly criticised Beijing’s trade practices in a speech at the United Nations, damping hopes for a resolution to the US-China trade war.Sterling traded at USD 1.86 a barrel. Even if the Democratic-controlled House voted to impeach Trump, the Republican-majority Senate would have to take the next step of removing him from office after a trial.”US stock futures, rose 0.Chinese shares fell 0. Brent crude fell 0..MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.“Chinese shares were already exposed to downside risks.06 per cent in Asia on Wednesday, but the mild gains are unlikely to improve sentiment for Asian shares.2473, down 0. There are worries about US consumer sentiment.2 per cent, having trimmed some of its overnight gains made following the UK court ruling.79 per cent while shares in Hong Kong skidded by 1. There are also concerns that China’s economic slowdown hasn’t stopped.

Slower global growth would hurt demand for energy and other commodities.82 per cent, Japan’s Nikkei fell 0.“If an impeachment enquiry looks like ending his re-election chances in 2020, he may throw caution to the wind and harden his attitude to a China trade deal, increasing the chances of a global recession next year,” said Jeffrey Halley, Senior Market Analyst, Asia Pacific, OANDA.The dollar nursed losses against most major currencies as the inquiry sets the stage for a fierce battle between Democrats and Trump’s Republican Party over whether the president sought foreign influence to smear a political rival.23 per centTrump said on Tuesday Beijing had failed to keep promises it made when China joined the World Trade Organization in 2001 and was engaging in predatory practices that had cost millions of jobs in the United Tray injection mold States and other countries.63 per cent, while Australian shares fell 0.The dramatic move by House of Representatives Democrats compounded investors’ anxieties with confidence already shaken by new worries about US-China trade negotiations.3 per cent on Tuesday. 31 deadline, come what may. Trump has denied the claims.US crude dipped 0.The dollar index measuring the greenback against a basket of six major currencies was little changed after falling 0.

Tokyo: Asian stocks fell on Wednesday after US lawmakers called for an impeachment inquiry into President Donald Trump, increasing the prospects of prolonged political uncertainty in the world’s largest economy.The US-China trade war, which has dragged on for more than a year, has added pressure on China’s already slowing economy and has increased the risk of recession in other countries.It is unlikely that the impeachment inquiry would lead to Trump’s removal from office.In response to the UK Supreme Court’s decision, Johnson said he disagreed and vowed that Britain would leave the EU by Oct.86 per cent to USD 62.60 per cent.75 per cent to USD 56.84 per cent lower, its biggest daily decline in a month.The US House of Representatives will launch a formal impeachment inquiry over whether Donald Trump sought help from the Ukraine to smear former Vice President Joe Biden, a front-runner for the 2020 Democratic presidential nomination.55 per barrel. Trump’s comments likely increased those risks.The push for an impeachment inquiry and disappointing US economic data weighed on Wall Street on Tuesday, pushing the S&P 500 0.“The impeachment probe has put a dent in Asian shares,” said Kiyoshi Ishigane, chief fund manager at Mitsubishi UFJ Kokusai Asset Management Co in Tokyo