Asian stocks today: Markets dip after Trump’s 100% tariff threat to China; HSI falls over 9%, Shenzhen down over 340 points

Asian markets plunged as President Trump escalated trade tensions with China, threatening 100% tariffs on Chinese goods and potentially canceling a summit with Xi. These new tariffs, set for November 1, follow months of fragile peace and previous escalating levies, impacting global markets and driving gold to a new record.