Asian Shares Sink, With Japan's Nikkei Down 5.6% As China-U.S. Trade War Escalates

Shares in Asia have fallen in early trading after U.S. stocks surrendered a chunk of their historic gains from the day before.

BANGKOK (AP) — Asian shares sank Friday after U.S. stocks gave up much of their historic gains from the day before.

The deepening worries over President Donald Trump’ s trade war initially helped pull Japan’s Nikkei 225 share index down 5.6%.

By mid-morning in Tokyo, it was down 4.7% at 32,969.95.

The yen surged against the U.S. dollar, which also lost value against the euro.

One dollar bought 143.48 Japanese yen, down from about 146 yen a day earlier. The euro rose to $1.1305 from $1.1195.