The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
* Nikkei falls to lowest since April 2
* Topix's 33 subsectors all in the red
* Exporters lose ground after yen rises to 6-week high vs dollar
TOKYO, May 8 (Reuters) - Japan's Nikkei tumbled 1.5 percent to a five-week low on Wednesday as fears there might be a breakdown in U.S.-China trade negotiations continued to weigh on the market, while a stronger yen pulled down exporters.
Investors were spooked by a sell-off in Wall Street overnight, as the Dow Jones Industrial Average suffered its second-biggest daily percentage drop of the year.
The Nikkei share average shed 321.13 points to end at 21,602.59, the lowest closing level since April 2, following a 1.5 percent drop on Tuesday, when investors returned to the market after a 10-day break for Japan's Golden Week holidays and celebrations to mark the ascent of a new emperor to the throne.
"The market before the Golden Week was optimistic. Investors had expected that the U.S.-China trade talks would be resolved soon but things are looking serious," said Hiroyuki Ueno, a senior strategist at Sumitomo Mitsui Trust Asset Management.
Investors are now focused on trade talks on Thursday and Friday in Washington, where Chinese Vice Premier Liu will try to salvage a deal that would avoid a sharp increase in tariffs on Chinese goods ordered by U.S. President Donald Trump.
Trump said on Sunday that he would raise tariffs on $200 billion worth of Chinese goods to 25 percent from 10 percent, while U.S. trade negotiators said late on Monday that China had backtracked from commitments made earlier.
The prospect of a prolonged tariff war kept China-related stocks sliding. Construction equipment makers Komatsu Ltd plunged 2.9 percent, and Hitachi Construction Machinery dropped 2.7 percent.
Exporters lost ground after the dollar slipped 0.3 percent to 109.92 yen and briefly touched a six-week low of 109.905 yen.
Honda Motor fell 2.8 percent, Hino Motors declined 2.6 percent, TDK Corp dropped 2.6 percent and Hitachi Ltd plunged 3.2 percent.
Yamaha Motor tumbled 13 percent after its January-March operating profit dropped 12.8 percent from a year earlier.
The broader Topix dropped 1.7 percent to 1,572.33, with all 33 subsectors were in the red.
Declining issues outnumbered advancing ones 1,804 to 287. (Editing by Simon Cameron-Moore)