Stories

Asian stocks slide as Trump's trade war with China escalates

China's stock market dropping
Asia's stock market plunging. Photo: Visual China Group/Getty Images

Asian stocks slipped on Tuesday amid the Trump administration's announcement that it would be imposing an additional $200 billion in tariffs on Chinese goods, reports Reuters.

The state of play: Hong Kong's Hang Seng index dropped by nearly 500 points after the news despite market gains over the last two sessions. Japan's Nikkei fell by 1.7%, per CNN Money.