Asia Markets: Asian markets fall as trade tensions weigh

Asia-Pacific stocks fell in early trade Thursday as investors continued to weigh the likely impact of trade tensions on the global reflation story.

The downward moves in the region follow falls in major U.S. benchmarks as heavyweight industrials fell for a third day on concern over the implications protectionist trade policies. The U.S. Commerce Department said Wednesday that U.S. businesses seeking to avoid tariffs on supplies they import from abroad will face high hurdles. A slip in retail sales also hit stocks in the sector.

Japan’s Nikkei benchmark NIK, +0.01% was down 0.9% to extend early weakness as the dollar JPYUSD, +0.461091% slipped below the ¥106 mark, putting pressure on big exporters.

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