Asia markets sink as US-China standoff worsens; Singapore stocks down 0.4% at open

TOKYO - Asian stocks fell the most in a week on Wednesday as the United States and China's ever-expanding dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth.

Other active index stocks included Jardine Matheson Holdings which tumbled almost 1 per cent, or 29 US cents to US$29.41, and CapitaLand Commercial Trust which edged down 1 per cent, or two cents to $2.06. The United States and China are engaged in a year-long row that has slowly expanded beyond trade policy, suggesting even more damage to an already fragile global economy.

The US State Department announced the move just a day after the US Commerce Department cited the mistreatment of Uighur Muslims in China in its decision to add 20 Chinese public security bureaus and eight companies to a trade blacklist. US President Donald Trump has said tariffs on Chinese imports will rise on Oct. 15 if no progress is made in the negotiations.

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