Asian stocks tumble after U.S. announces tariffs on Europe

By Stanley White TOKYO (Reuters) - Asian stocks, already under pressure from growing global growth fears, tumbled on Thursday after New York markets slumped overnight because the United States opened a new trade war front by saying it will impose tariffs on $7.5 billion of goods from the European Union. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.38%. Japan's Nikkei stock index dropped 1.96% and Australian shares declined 2.19%

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