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Asia Markets: Asian markets fall on economic red flags as trade-war standoff persists

Asian markets slid in early trading Thursday amid new economic warning signs.

Efforts to revive trade talks between the U.S. and China are making no progress, the Wall Street Journal reported Wednesday, with restrictions on Huawei Technologies Co. a sticking point. Amid recent reports that the U.S. will relax some Huawei sales restrictions, China is reportedly waiting to see what the U.S. actually does before committing to new negotiations.

Elsewhere, South Korea’s central bank cut its key interest rate for the first time in three years, a surprise move that comes as South Korea’s economy is struggling and trade tensions with Japan are heating up.

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