• Asian stocks slipped to 14-month lows on Wednesday with investor confidence chilled by the latest round of verbal threats in an intensifying U.S.-China trade conflict.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS lost 0.3 percent, plumbing its lowest levels since July 2017.

• Japan’s Nikkei fell on Wednesday as chip-related stocks tracked weakness in their U.S. counterparts overnight and as machine tool makers weakened after downbeat industry data.

The Nikkei share average ended 0.3 percent lower at 22,604.61, after rising 1.3 percent to a one-week high on Tuesday.

• China’s main stock index on Wednesday closed at its lowest level since January 2016, as trade war concerns continued to vex investor confidence with China seeking $7 billion in sanctions against the United States over dumping duties.

The Shanghai Composite index ended 0.3 percent lower at 2,656.11, its weakest close since Jan. 28, 2016