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Asian shares sink, with Japan’s Nikkei down 5.6% as China-US trade war escalates

Asian shares sank Friday in early trading after U.S. stocks surrendered a chunk of their historic gains from the day before.

The deepening worries over President Donald Trump’ s trade war helped pull Japan’s Nikkei 225 share index down 5.6%.

Shares also fell in South Korea and Australia in early trading Friday.

On Thursday, the S&P 500 tumbled 3.5%, slicing into Wednesday’s surge of 9.5% following Trump’s decision to pause many of his tariffs worldwide. The Dow Jones Industrial Average dropped 1,014 points, or 2.5%, and the Nasdaq composite tumbled 4.3%.