India, Feb. 25 -- Asian stocks declined on Tuesday as fresh U.S. trade measures against China and President Donald Trump's comments that tariffs on Canada and Mexico "will go forward" rekindled fears of a global trade war.
The dollar strengthened on risk-off sentiment, pushing gold prices lower from record highs. Oil extended gains amid fresh sanctions on Iran and a commitment to compensate for overproduction by Iraq.
China's Shanghai Composite Index slid 0.8 percent to 3,346.04 as the optimism about China's tech sector cooled off and trade war fears resurfaced.
Hong Kong's Hang Seng Index tumbled 1.3 percent to 23,034.02 after the Trump administration targeted China with new trade and investment restrictions, further straining relations...