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Asia markets fall amid trade threats, tepid US earnings

Asia markets fall amid trade threats, tepid US earnings

People walk in front of an electronic stock indicator in Tokyo, Thursday, April 11, 2013. Asian stock markets powered higher Thursday after a U.S. communications company posted a surprise jump in earnings that led to big gains in technology stocks and new highs on Wall Street. Japan's Nikkei 225 jumped 1.2 percent to 13,549.16. (AP Photo/Shizuo Kambayashi)

Asian markets fell on Thursday (July 18), hit by concerns about the uncertain global economic outlook, the China-US trade war and tepid corporate earnings reports.

With an expected Federal Reserve interest rate cut already priced in, having fuelled a healthy rally, and few other catalysts to drive buying, analysts said investors are also cashing out.

The losses in Asia followed a negative lead from Wall Street, where big-name firms including Caterpillar and United Technology sank on weak corporate reports.