Asian shares sag as worries over US-China trade weigh on outlook for the region

BANGKOK (AP) — Shares sagged Tuesday in Asia as worries over U.S.-China trade friction weighed on the outlook for the region. Tokyo’s Nikkei 225 lost 1.1% to 38,336.73 after markets in Japan reopened from a holiday on Monday. In Hong Kong, the Hang Seng gave up 0.6% to 23,196.33, while the Shanghai Composite index edged 0.1% lower, to 3,368.24. Australia’s S&P/ASX 200 shed 0.7% to 8,252.50. South Korea’s Kospi lost 0.3% to 2,637.45 after the Bank of Korea cut its benchmark interest rate to 2.75% from 3%, its third cut in four meetings as it moves to support the slowing…