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Equities

Nikkei Asia300 Index falls more as Trump remarks ignite global trade war fears

Metal producers decline on proposed U.S. import tariffs

MUMBAI (NewsRise) -- Asian stocks outside of Japan extended losses as President Donald Trump continued with his rhetoric on protecting U.S. industries, further stoking concerns of trade wars with major trading partners.

The Nikkei Asia300 Index declined 1.3% to 1,413.91, adding to its more-than-one-per-cent loss on Friday. South Korea's Hyundai Steel and Taiwan-listed China Steel Corp. dropped at least 1.4% each, extending their drop from Friday after Trump proposed to impose a 25% tariff on steel imports. India's Tata Steel declined 3%, while aluminum producer Hindalco Industries slipped 4.7% following Trump's plan for 10% tariff on the metal.

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