Asian stocks were mostly lower on Wednesday following a sell-off on Wall Street as investor optimism cooled with regard to the Federal Reserve being on the brink of lowering interest rates and the U.S.-China trade talks getting back on track. Japanese shares slid and benchmarks dropped at the open in Shanghai and Hong Kong. Australia and South Korea saw more limited moves, while futures on the S&P 500 Index were little changed. American stocks dropped the most this month after Federal Reserve Chairman Jerome Powell warned the downside risks to the U.S. economy have increased, while not going beyond his previous guidance on rate cuts. Ten-year Treasury yields held around 2%, crude oil prices climbed on supply concerns, and gold gave up some recent gains. New Zealand’s dollar fluctuated after its central bank left rates unchanged. -  Bloomberg 

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