Asian stocks shiver as new U.S.-China tariffs add to global gloom

Asian stocks shiver as new U.S.-China tariffs add to global gloom

Asian stocks shiver as new U.S.-China tariffs add to global gloom

Written by Reuters

02 Sep, 2019 | 2:06 pm

Reuters – Asia stocks fell on Monday (September 2) after the United States and China imposed new tariffs on each other’s goods, reinforcing investors’ worries over slowing global growth.

The United States slapped 15% tariffs on a variety of Chinese goods on Sunday (September 1) – including footwear, smartwatches, and flat-panel televisions – while China imposed new duties on U.S. crude, the latest escalation in a bruising trade war.

The losses were led by a 0.5% drop in Hong Kong’s Hang Seng after another weekend of violent anti-government protests, while Japan’s Nikkei and South Korea’s KOSPI each shed 0.3%.

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