Mumbai, April 9 -- Asian stocks resumed losses on Wednesday as U.S. President Donald Trump pressed ahead with sweeping new global tariffs, including over 100 percent in levies against Chinese goods.

Gold prices regained strength as the dollar weakened on fears of a potential U.S. recession.

The Treasury yield curve steepened, with the two-year note outperforming longer-dated debt amid speculation that the Federal Reserve may need to speed up rate cuts.

China's yuan hit a record low while the Japanese yen and Swiss franc attracted safe haven buying.

Oil prices extended a brutal sell-off to reach their lowest in more than four years on looming demand concerns fueled by the tariffs war between the U.S. and China.

China's Shanghai Compo...