Stock markets across Asia slumped after the Trump administration moved forward with plans to impose tariffs on an added $200 billion in Chinese goods.
The MSCI Asia Pacific Index fell 0.9 percent to 164.27 as of 4:36 p.m. in Hong Kong after earlier falling as much as 1.4 percent. Equity benchmarks in Hong Kong and China led declines in the region, with the Shanghai Composite Index and Hang Seng Index dropping 1.8 percent and 1.3 percent respectively. On the flip side, the Philippine Stock Exchange Index rose 1.4 percent Wednesday and India’s Sensex Index rose 0.2 percent.
Source : Bloomberg