Asian stocks slide as market selloff deepens

News Snapshot:

Asian stocks have taken their cue from the Wall Street and fallen sharply as worries mount that a wide-ranging trade war could dent US economic growth and result in a recession, leading skittish investors to the safe-haven Japanese yen. Investor concerns about the potential economic slowdown were exacerbated on Tuesday after President Donald Trump in a Fox News interview talked about a "period of transition" while declining to predict whether his tariffs would result in a US recession. Those comments and worries sapped risk sentiment, sending stocks sliding and weighing on the US dollar and Treasury yields. The S&P 500...