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Asian share markets slipped on Wednesday, as the prospect of a rate cut by the Federal Reserve was countered by worries a Sino-U.S. first-stage trade deal could be delayed.

Samsung Electronics Co Ltd has unveiled a new design for a smartphone that folds into a square, racing ahead in folding devices after it launched its first model in September.

Japanese retail sales grew at the strongest pace in 5-1/2 years in September as consumers rushed to buy big-ticket items to beat a rise in the country's sales tax, raising concerns spending could pull back sharply in the coming months.

A rally in global shares stalled, with Asian markets stuck in tight ranges early on Wednesday, as the prospect of a rate cut by the Federal Reserve was countered by worries a Sino-U.S. first-stage trade deal could be delayed.

World stocks hovered near a 15-month high on Tuesday underpinned by cautious hopes over a China-U.S trade deal and expectations of another dose of policy stimulus from the Federal Reserve, with safe havens such as gold and yen on the back foot.

U.S. President Donald Trump and Chinese President Xi Jinping are expected to finalize a trade agreement on the sidelines of next month's Asia-Pacific Economic Cooperation summit in Chile, but the date is still fluid, a White House official said on Tuesday.

Sberbank has agreed to buy Gazprombank's holding stake in internet company Mail.ru as Russia's largest lender continues its transformation under Chief Executive German Gref into a banking-to-online services company.

If YouTube becomes a $300 billion standalone company, it would rank as one of the top 20 biggest companies in the S&P 500

Wall Street opened slightly lower on Tuesday as investors assessed a mixed batch of earnings reports, including from Google-parent Alphabet and big drugmakers Merck and Pfizer.

General Motors Co on Tuesday slashed its earnings forecast for 2019, saying that a 40-day U.S. labor strike by the United Auto Workers union that brought virtually all of its North American operations to a standstill would cost it around $3 billion in profits this year.

Tesco will next week become the first major British supermarket group to offer a subscription customer loyalty scheme, the latest weapon in its fight to stem the market share gains of German-owned discounters.

Huawei Technologies strengthened its dominance of China's smartphone market, with shipments rising 66% in the third quarter as domestic consumers rallied behind it after U.S. sanctions, according to market data released on Wednesday.

Oil slipped to around $61 a barrel on Tuesday, falling for a second day, pressured by expectations of a rise in U.S. crude inventories and doubts that OPEC and its allies will cut oil output further in December.

Here are the biggest calls on Wall Street on Tuesday

Merck & Co Inc on Tuesday said it expected immunotherapy Keytruda to continue its market dominance as an initial treatment for advanced lung cancer as sales of the drug topped $3 billion in a quarter for the first time, beating lofty Wall Street estimates.