Market watch: Asian stocks retreat as Donald Trump tariffs unsettle markets; oil slips amid supply, demand worries

Asian equity markets experienced a downturn on Wednesday due to escalating global trade tensions fueled by US tariff threats, particularly on copper imports. Hong Kong stocks led the decline, impacting regional indices. Oil prices also softened amid concerns about the impact of trade policies on global demand. Geopolitical risks, including an attack off Yemen, further contributed to market uncertainty.

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