Asian stocks down after Trump lashes out China anew

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Asian stocks share slid as US President Donald Trump imposed new tariffs on Chinese exports.

Hong Kong’s Hang Seng Index fell 2.4% on Friday with its major stocks ACC Technologies, Q Technology and BYD Electronic all shrank with 5%, 8%, and 7.9% respectively.

Moreover, the Shanghai Composite Index also decreased 1.7%.

Japan’s Nikkei also fell 2.6% along with Taiwan’s Taiex with 1.4% loss. Australia’s rate also trimmed 0.4%.

Kospi of South Korea was also damaged with a 0.9% drop.

Stephen Innes of Vanguard Markets in Singapore noted that markets were down after President Trump expressed his frustration with China’s stalling techniques.

 

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