China markets fall more than 1% after Trump threatens new tariffs; rest of Asia mixed [CNBC]
FUJIFILM HLDGS CORP ADR (FUJIY)
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Source: CNBC
China markets fall more than 1% after Trump threatens new tariffs; rest of Asia mixed Asian stocks were mixed in Tuesday trade after U.S. President Donald Trump fired a fresh salvo in the ongoing trade spat between the U.S. and China. Trump said on Monday that he had asked the U.S. Trade Representative to identify $200 billion worth of Chinese products that will be subject to additional tariffs of 10 percent. Those tariffs will take effect if China did not "change its practices," Trump added in a statement. Greater China markets dropped in early trade on the back of that news. Hong Kong's Hang Seng Index fell 1.19 percent while on the mainland, the Shanghai composite fell 1.53 percent. The smaller Shenzhen composite sank nearly 2 percent. Other Asian markets were mixed, with Japan's Nikkei 225 lower by 0.32 percent and South Korea's Kospi declining 0.44 percent. Australian stocks tacked on 0.38 percent. U.S. stock index futures were lower, with Dow Jones industrial average futures dow
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