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2024

Asian stocks slide on rising trade tensions, yen climbs

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Asian equities fell due to U.S.-China trade tensions; MSCI Asia-Pacific shares down 0.57%, South Korea 1%, Nikkei 2%, Shanghai 0.4%, CSI300 0.5%. Yen rose on suspected BOJ intervention. Dollar at a four-month low. Fed backs September rate cut, gold prices high. Nvidia, Apple dropped. Trump's comments hurt TSMC shares. ECB steady. Trump policy affects inflation expectations. Carry trade noted.