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World shares are slumping again on Wednesday after U.S. President Donald Trump’s latest tariff hikes took effect and he threatened to add still more. China announced countermeasures, saying it will raise its retaliatory tariff on the U.S. to 84%, up from 34%, effective April 10.
Where the markets stand:
Asia: Japan’s Nikkei 225 closed 3.9% lower, at 31,714.03. Hong Kong’s Hang Seng rose 0.7%, while the Shanghai Composite index closed 1.3% higher. Thailand’s benchmark also rose, apparently due to speculation that Beijing might be preparing to hold talks with the Trump administration.
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