Asian Markets Dip Following Renewed US-China Trade Tensions

Investors react to fresh tariffs and tech sector struggles, with fears of escalation looming over global markets.

The United States imposed a 10% tariff on Chinese imports, prompting China to announce retaliatory tariffs of up to 15% on U.S. goods, set to take effect next week.
Asian stock markets, including Hong Kong and Shanghai, experienced losses, with e-commerce firms like JD.com and Alibaba hit hard by the U.S. Postal Service's suspension of inbound parcels from China.
Gold prices surged to a record $2,853.82 as investors sought safe-haven assets amidst heightened trade tensions and market volatility.
Alphabet and AMD shares fell sharply after disappointing earnings reports, adding pressure to the already struggling tech sector.
While the U.S. delayed tariffs on imports from Canada and Mexico, analysts warn that the risk of a full-blown trade war between the U.S. and China remains significant.