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.