Asian equities fell for an eighth day, its longest losing streak since December, after President Donald Trump said he's ready to escalate the trade war with China.
The MSCI Asia Pacific Index fell 0.5 percent to 159.32 as of 4:19 p.m. Hong Kong time, heading for a 4.3 percent loss in eight days. Trump said he's ready to impose tariffs on an additional $267 billion worth of Chinese goods on short notice, on top of a proposed $200 billion his administration is planning. Separately, an August jobs report showed a healthy U.S. labor market indicating signs of wage inflation that could clear the way for two more rate hikes this year.
Source : Bloomberg