Monday, 01 June 2020
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Tokyo
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Asia stocks slip as Trump threatens higher tariffs if China doesn't strike a deal

Asia stocks traded lower Wednesday morning as U.S. President Donald Trump threatened to raise tariffs on Chinese goods if the two economic powerhouses do not strike a deal.

Japan's Nikkei 225 and Topix indexes were fractionally lower in early trade. That came after Japanese merchandise trade data for October from the country's Ministry of Finance showed exports for the month falling 9.2% year-on-year ” well off the 7.6% year-on-year decline expected by economists in a Reuters poll.

South Korea's Kospi shed 0.37%, while the S&P/ASX 200 in Australia declined 0.96% in morning trade.

Overall, the MSCI Asia ex-Japan index traded 0.23% lower.

Source : CNBC

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