Tokyo — Asian stocks tracked Wall Street losses on Thursday as the latest exchanges between Beijing and Washington signalled a heightened risk of a prolonged trade war, stoking investors’ concerns about the impact on global economic growth.

“This kind of deliberately provoking trade disputes is naked economic terrorism, economic chauvinism, economic bullying,” said China’s vice-foreign minster Zhang Hanhui, as Beijing continued to dial up its rhetoric amid the festering trade war with the US...

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