Alva Review-Courier -

Asian markets tumble as China-US trade tensions rise


SINGAPORE (AP) — Asian markets tumbled on Tuesday as back-and-forth exchanges over possible higher U.S. tariffs for the auto sector deepened concerns that a trade war is brewing. The U.S. and China, the world's two largest economies, are set to impose tariffs on billions of dollars of each other's products starting Friday.

KEEPING SCORE: Hong Kong's Hang Seng, reopening after a market holiday on Monday, plunged 3.0 percent to 28,091.91 as investors reacted to weaker than expected economic data. Japan's benchmark Nikkei 225 index lost 0.8 percent to 21,631.27 and South Korea's Kospi fell 0...

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