Chinese President Xi Jinping used a visit to Shanghai on Tuesday to push for breakthroughs in artificial intelligence and underscore China’s leading role in the "Global South".

Transport demand from China to the United States is deteriorating sharply as trade tensions escalate, according to a new report from Bank of America.

U.S. President Donald Trump resumed his criticism of the Federal Reserve on Tuesday evening, claiming that Chair Jerome Powell was not doing a good job and that he knew more about interest rates.

The latest data on US Wholesale Inventories has been released, revealing a slight increase in the total value of goods held in inventory by wholesalers. The actual figure came in at 0.5%, a subtle rise from the previous figure but still falling short of the anticipated forecast.

Most Asian currencies moved in a tight range on Wednesday, with the Chinese yuan trading sideways after weak business activity readings highlighted the impact of a bitter Sino-U.S. trade war. 

Oil prices tread water in Asian trade on Wednesday as uncertainty over U.S. trade policy and global economic growth kept traders negative on the outlook for demand, with weak Chinese manufacturing data adding to the mix.