Asia Markets: Stocks in Japan, China tumble as trade worries trigger rough start to new quarter

Asian stocks fell sharply on Monday as traders kicked off a new month and quarter with losses as trade tensions once again got a reboot and economic data from China disappointed.

The Nikkei NIK, -2.21% fell 2.2% as automakers such as Honda 7267, -1.81% fell 1.8% and Nissan 7201, -2.32% dropped 2.2% on President Donald Trump’s weekend auto-tariff talk. South Korea’s Hyundai 005380, -1.59% fell 1.6% as the Kospi index SEU, -2.35% tumbled 2.3%. Australia’s S&P/ASX 200 XJO, -0.27% and New Zealand’s NZX 50 NZ50GR, -0.01% were flat to modestly weaker.

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