US STOCKS-Wall St slips on trade worries, Hong Kong unrest

© Reuters. US STOCKS-Wall St slips on trade worries, Hong Kong unrest

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* Trump gives no new details on trade deal with China

* Trade-sensitive chipmakers, industrials fall

* Fed Chair Jerome Powell to testify at 11 a.m. ET

* Indexes down: Dow 0.06%, S&P 0.13%, Nasdaq 0.20%

(Updates to open)

By Arjun Panchadar

Nov 13 (Reuters) - Wall Street edged lower on Wednesday as

President Donald Trump's threat to "substantially" raise tariffs

if China did not make a trade deal with the United States as

well as escalating tensions in Hong Kong kept investors away

from riskier assets.

Trump on Tuesday dangled the prospect of completing an

initial deal with China "soon," but offered no new details on

negotiations and largely repeated well-worn rhetoric about

China's "cheating" on trade. Technology stocks had lifted the benchmark S&P 500 .SPX

and Nasdaq .IXIC to all-time highs in the run up to Trump's

speech on Tuesday, but the indexes pulled back slightly after

his address at the Economic Club of New York.

"Now is more the realization that 'phase one' is really not

a done deal," said Art Hogan, chief market strategist at

National Securities in New York.

"It felt for a couple weeks that the deal was almost done

and then you have these comments that sort of puts us in the

same place we were."

Eight of the 11 major S&P 500 sectors were lower. The

financial sector .SPSY fell 0.65%, tracking a drop in

benchmark 10-year U.S. Treasury yields and weighing the most.

The trade-sensitive industrial sector .SPLRCI was also

among the biggest drags, while the Philadelphia Semiconductor

index fell 0.87%.

Heightened tensions in Hong Kong also dulled sentiment after

police warned violence related to anti-government protests had

reached a deadly level and that the Asian financial hub had been