Asia stocks down as trade talks stall, oil prices fall on supply hike

Asian markets fell as U.S. Tariff discussions caused uncertainty, with Tokyo’s Nikkei down by 0.5% and China’s CSI 300 also down by 0.5%. Oil prices plummeted as OPEC+ announced output increases, impacting global trade sentiments.

Investors are being cautious ahead of potential interest rate cuts by the Reserve Bank of Australia and New Zealand. The market anticipates a cut to 3.60% for Australia, reflecting ongoing economic concerns.