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Asian stocks decline as investors wait for next move in trade war

Daniel Shane in Hong Kong

Asian stocks fell on Friday as investors braced for retaliation by China after US president Donald Trump signed into law a bill backing Hong Kong’s anti-government demonstrators. In afternoon trading, Hong Kong’s benchmark Hang Seng index sank 2.1 per cent — its biggest fall in two weeks — and China’s CSI 300 of Shanghai- and Shenzhen-listed shares shed 1.3 per cent.