ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more