Economic news

Asian shares tumble as Trump slaps tariffs on China

Asian stocks dipped on Friday after U.S. President Donald Trump imposed tough tariffs on China's goods and Beijing promised to react.

Photo: Reuters

MSCI’s broadest index of Asia-Pacific shares slumped 2.5, losing over 4 percent for the week.

Shanghai Composite tumbled 3.8 percent and Hang Seng index fell 3.2 percent.

Japan's Nikkei eased 4.5 percent.

South Korea's Kospi index slipped 3.3 percent. Australia’s S&P/ASX 200 Index lost 2 percent.

Investors were worried that the U.S. decision could trigger a trade war, with potentially horrible aftermath for the world economy.

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree