Asian shares extended a month-long slide and sovereign bonds surged on Friday after U.S. President Donald Trump ramped up trade tensions globally by suddenly slapping tariffs on all goods from Mexico, sending the peso tumbling.
Washington will impose a 5% tariff from June 10, which would then rise steadily to 25% until illegal immigration across the southern border was stopped.
Japan's Nikkei fell 1.2% in early trade, to be down 7% for the month so far. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1% and was likewise off a hefty 7.7 for the month.
Source : Reuters