Asian shares sink, with Japan’s Nikkei down 5.6% as China-US trade war escalates

News Snapshot:

BANGKOK (AP) — Asian shares sank Friday after U.S. stocks gave up much of their historic gains from the day before. The deepening worries over President Donald Trump’ s trade war initially helped pull Japan’s Nikkei 225 share index down 5.6%. By mid-morning in Tokyo, it was down 4.7% at 32,969.95. The yen surged against the U.S. dollar, which also lost value against the euro. One dollar bought 143.48 Japanese yen, down from about 146 yen a day earlier. The euro rose to $1.1305 from $1.1195. South Korea's Kospi fell 1.6% to 2,400.34, while in Australia, the S&P/ASX 200 shed...