Asia stocks mostly higher after Trump trade threat

Benchmarks in Shanghai, Hong Kong and Sydney rose, while Tokyo declined after reopening following a long holiday.

Trump threatened to raise tariffs on $200 billion of Chinese goods to 25% from 10%, effective Friday. He said he would impose increases on an additional $325 billion of imports, covering everything China sells to the United States. The Standard & Poor's 500 index dropped 0.5% to 2,932.47. The Dow Jones Industrial Average fell 0.3% to 26,438.48. The Nasdaq slid 0.5% to 8,123.29.

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Asian market plunge after Trump threatens more China tariffsShares tumbled in Asia early Monday after President Donald Trump threatened in a tweet to impose more tariffs on China, spooking investors who had been expecting good news on trade. The Power of THE realDonaldTrump NOT China! MAGA
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