Asia markets slide and major stock index hits 14-month low on trade fears

China is set to meet with the World Trade Organization on September 21 to request for permission to impose sanctions on the U.S. over their trade dispute. Some investors are warning of a "perfect storm" building for emerging market currencies amidst a confluence of factors including expectations of an interest rate hike by the U.S. central bank. Asia markets broadly fell on Wednesday as the MSCI Asia ex-Japan index touched 14-month lows, on the back of news that China will be making a request to the World Trade Organization to impose sanctions on the U.S.