According to AP News, Japan’s benchmark Nikkei 225 dipped 0.8% to 20,421.93.
Wall Street regained its footing a day after its biggest decline in a year, which had been set off by news that China allowed its currency to depreciate against the dollar to its lowest level in 11 years.
Global investors have grown nervous lately about the possible impact that a trade war between the U.S. and China could have on the economy and corporate profits.
But China’s decision to allow its currency to stabilize Tuesday suggests Beijing might hold off from aggressively allowing the yuan to weaken as a way to respond to U.S. tariffs on Chinese goods. – AP NEWS