BENGALURU: Emerging Asian stock markets sank but currencies were mixed against a weakened U.S. dollar on Friday as China made a tit-for-tat move by ordering the U.S. consulate in Chengdu to shut, stoking fears over relations between the world's two largest economies.
Singapore, Thailand and Malaysia all tumbled more than 1%, while Indonesia and trade-reliant South Korea were each 0.9% lower after Beijing retaliated after the United States ordered the Chinese consulate in Houston to close.
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