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Asian shares see moderate losses after meltdown on Wall St


Added 05-14-19 01:04:02am EST - “Shares opened moderately lower in Asia on Tuesday after a dismal day on Wall Street as investors fled uncertainty over the China-U.S. trade standoff.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Asian shares see moderate losses after meltdown on Wall St”. Below is an excerpt from the article.

Shares opened moderately lower in Asia on Tuesday after a dismal day on Wall Street as investors fled uncertainty over the China-U.S. trade standoff.

The Shanghai Composite index slipped 0.4% to 2,893.35 while Japan's Nikkei 225 gave up 0.6% to 21,066.54. The Hang Seng index in Hong Kong, reopening after a market holiday on Monday, sank 1.5% to 28,115.48.

Elsewhere in Asia, South Korea's Kospi climbed 0.6% to 2,090.55 while the S&P ASX 200 in Australia dropped 1% to 6,234.70. Shares fell in Taiwan and Southeast Asia.

Investors already rattled by mounting tensions between Beijing and Washington got an extra jolt when China announced late Monday that it was raising tariffs on $60 billion of imports from the United States in retaliation for the Trump administration's latest hike in import taxes on Chinese exports.

"A clear hardening of attitudes, with state media blaring that China 'will fight to the end,' has stirred concerns of a protracted and widening trade war," Mizuho Bank said in a commentary.

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