Asian shares sink, with Japan’s Nikkei down 5.6% as China-US trade war escalates

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Asian stocks sank in the early trading on Friday after US shares surrendered part of their historical profits from the previous day.

The deepening concerns about President Donald Trump’s trade war helped to reduce the Nikkei 225 share index of Japan by 5.6%.

Shares also fell in South Korea and Australia on Friday.

The S&P 500 tumbled 3.5% on Thursday, and it cut 9.5% on Wednesday after Trump’s decision to interrupt many of its rates worldwide. The Dow Jones industrial average dropped 1.014 points, or 2.5%, and the Nasdaq compound dropped 4.3%.

China has announced that more countermeasures against the United States and losses for US equities have accelerated after the White House made clear that the United States will tax Chinese imports at 145%, not the 125% rate that Trump wrote about in his post on Truth Social Wednesday, as soon as other rates previously announced. The fall for the S&P 500 exceeded 6% at one point.

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