China Trade War Rhetoric Weighing Further on the Chinese Yuan (CNH)

More than US$8 trillion has been wiped off of global equities during a rout that's now a month old

Besides, Washington accuses Beijing of using unfair trade practices, and forcing US firms to export technology to China, stealing intellectual property.

"It looks like coming off the polls we are going to get a split congress which will weaken Trump's hand because at the end of the day, you'll have the Democrats controlling the House and the Republicans controlling the Senate", Weston said. The sources stressed however that the new tariffs have not yet been finalised.

Stocks in Asia were poised for a muted start Thursday after global equities rallied on the final two days of what was still their worst month in more than six years.

The Dow Jones Industrial Average ended down 1 percent, while the Nasdaq fell 1.6 percent, also on weakness in technology and internet shares.

Broad gains in the US equity market turned global stocks higher on Tuesday after President Donald Trump said a "great deal" could be struck with China that would relieve fears of a growing trade war between the world's two largest economies.

The US President said he would like to strike a deal now but that China was not ready.

He said he has 267 billion dollars of new tariffs waiting to go if he can not make a deal with China. Ten percent tariffs on $200 billion in imports that took effect in September are due to increase to 25% on 1 January.

His remarks came a day after Chinese Assistant Foreign Minister Zhang Hanhui underscored that Beijing is not ready to minimize its trade with the United States despite the ongoing trade conflict between the two countries.

Stocks took a tumble Monday with the Dow Jones Industrial Averageexperiencing a dramatic swing to close down almost 250 points amid concerns of another wave of Chines tariffs.

Austria Follows Trump and Withdraws from UN Migration Treaty to Preserve Sovereignty
The government also said the pact would restrict national sovereignty, Austrian media reported. The cabinet agreed to argue against any attempt to establish a human right to migration.

Trump is set to meet Chinese President Xi Jinping at a summit next month.

Ford climbed 3.3 percent to $9.28 and auto parts retailer BorgWarner advanced 4 percent to $39.56.

The heavyweight financial sector rose 0.4 per cent.

Benchmark 10-year U.S. Treasury notes last fell 7/32 in price to yield 3.1132 percent, from 3.087 percent late on Monday.

Gold futures sank 0.1 percent to $1,226.30 an ounce.

General Electric Co, however, fell almost 9 percent.

The dollar rose to 112.35 yen from 111.85 yen.

The British pound dipped 0.5 percent to $1.2732.

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