Asian markets track big losses on Wall St after China retaliates

Asian markets extended a global sell-off Tuesday following hefty losses on Wall Street that came in response to China's hike in tariffs on $60 billion of US imports, ramping up tensions in a trade war between the global economic titans. The move by Beijing was followed by a warning of further action such as dumping US Treasuries and came days after Washington more than doubled levies on $200 billion of Chinese goods and Donald Trump said he was looking at more than $300 billion more. In early trade, Hong Kong led losses as the market reopened after a long weekend.

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