TOKYO/HONG KONG — Asia stocks and currencies fell across the board Monday morning after the U.S. slapped tariffs on all imports from Canada, Mexico and China, fueling concerns of a new global trade war.
“Equity markets and currencies are selling off due to fears about growth and risk aversion as well as expectations for tighter [U.S.] Fed policy,” said Alex Holmes, regional director for Asia at the Economist Intelligence Unit in Singapore.
