Asian markets fall as US ignites new trade war with Europe
by Martin Farrer from on (#4RPXD)
Stocks drop in Sydney and Tokyo mirroring falls in US and UK, as Washington slaps 25% tariffs on range of European goods
Asian markets have tanked after a below-par US jobs report compounded worries about the world's top economy, while Washington opened up another front in its trade wars by imposing swingeing tariffs on European goods, including Scotch whisky and French wine.
Stocks fell sharply in Tokyo, Sydney and Seoul on Thursday as investors reacted to the surprise new tariffs and also heavy losses in Europe and on Wall Street on Wednesday.
Related: Scotch whisky and French wine hit by $7.5bn US tariffs
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