World News: 04:22 GMT Friday 2nd August 2019. [Yahoo Business News Feed via SPi World News]
Asian stock markets plunged Friday after President Donald Trump's surprise threat of tariff hikes on additional Chinese imports. In early trading, Tokyo's main index tumbled 2.2% and Hong Kong's benchmark lost 2%. Trump's announcement of 10% tariffs on $300 billion of Chinese goods, due to take effect Sept. 1, surprised investors after the White House said Beijing promised to buy more farm goods.
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