US ban of TikTok weighs on Asian markets

Tokyo — Asian shares tumbled on Friday after US President Donald Trump ratcheted up already heightened tension with Beijing by banning US transactions with China’s tech giant Tencent as well as ByteDance, the owner of video-sharing app TikTok.

MSCI’s broadest index of Asia-Pacific shares outside Japan lost 1% and Hong Kong's Hang Seng fell 2%. Tencent, Asia’s second-biggest company by market capitalisation, dropped 9%...

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