Asian markets extend Wall Street sell off as Trump sparks trade war fears

Stock markets in Asia extended a selloff on Wall Street as investors were rattled after President Donald Trump announced the United States would impose hefty tariffs on steel and aluminium imports, raising the spectre of a global trade war. Early on Friday, MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2 per cent while Japan's Nikkei tumbled 2.4 per cent.

On Wall Street, the S&P 500 lost 36.16 points, or 1.33 per cent, to 2,677.67 on Thursday, coming a day after the investors sold off heavily on worries.

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