All of the Asian markets are trading in red in early deals on Tuesday after US President Donald Trump escalated a dispute with Beijing over technology policy by threatening a tariff hike on additional Chinese goods. Meanwhile, the Japanese market is extending losses from the previous session following the mixed cues from Wall Street and on a stronger safe-haven yen after Trump threatened new tariffs on Chinese goods. Among the other Asian markets, Hong Kong, Taiwan, Shanghai, South Korea and Malaysia are lower. Bucking the trend, Singapore is higher. Indonesian markets remain closed for Eid-ul-Fitr holiday.
Nikkei 225 declined 296.84 points or 1.31% to 22,383.49, Hang Seng dropped 659.44 points or 2.18% to 29,650.05, Taiwan Weighted slipped 143.98 points or 1.3% to 10,943.49, Shanghai Composite contracted 89.82 points or 2.97% to 2,932.08, KOSPI Index tumbled 20.43 points or 0.86% to 2,355.81, and FTSE Bursa Malaysia KLCI down by 11.04 points or 0.63% to 1,732.39.
On the flip side, Straits Times up by 7.58 points or 0.23% to 3,331.62.
