Asean markets fall as China, US start new round of tariffs; Singapore drags

The United States started imposing 15% tariffs on more than $125 billion in Chinese imports on Sept. 1, while China retaliated by imposing new duties on U.S. crude, further escalating a protracted trade war that has damaged financial markets.

SINGAPORE: Southeast Asian stock markets fell on Monday, led by Singapore, as the imposition of further tariffs by Washington and Beijing hammered investor sentiment, bucking the optimism stemming from a surprise expansion in China's

factory activity in August.