Chinese shares led losses in Asia, with regional markets struggling to build on the risk-on momentum driven by earlier bets of less expansive tariffs in April.
A widely watched gauge of Chinese technology shares in Hong Kong slumped as much as 3.8%, the most in three weeks, with Alibaba Group Holding Ltd. and Xiaomi Corp. among the biggest losers. US and European equity-index futures edged lower.
Cryptocurrencies declined and Treasury 10-year yields fell 1 basis point to 4.33%. Trading in Chinese shares has been choppy in recent sessions as investors become more vigilant toward corporate developments following a world-beating rally.
Global markets, gripped by anxiety about the economic impact of an all-out trade war, got relief from signs the coming wave of US tariffs is shaping up as more focused than what President Donald Trump had occasionally threatened.
In Europe, car sales fell 3.1% to from a year earlier in February, declining the most in five months as uncertainty about the economy prompted consumers to hold back on bigger purchases.
