Stock markets in Asia tumbled on Friday as trade tensions between the US and China escalated, after President Donald Trump announced tariffs on up to $60bn in annual Chinese imports and Beijing applied its own levies on US imports.
Hong Kong’s Hang Seng index sold off 3.4 per cent in afternoon trade in Asia, weighed down by technology stocks, which dropped by 6 per cent.
China’s CSI 300 index of mainland-listed stocks fell 3.1 per cent,
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