Asian markets opened lower this morning as investor risk appetite weakened due to the White House moving forward with broad tariffs on trading partners, including a steep 104% duty on China. Meanwhile, U.S. Treasury yields continued to climb.

Japan’s Nikkei has continued its losing streak, now down more than 3.5%, while South Korea’s Kospi has officially entered bear market territory after dropping 20% from its July high.

(This is a developing story)

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