Asian shares skid after Wall Street tumbles to its worst day since April as China trade woes worsen

BANGKOK (AP) — Asian shares tumbled on Monday as escalating trade tensions with China shattered a monthslong calm on Wall Street.

U.S. stocks skidded on Friday after President Donald Trump threatened to crank tariffs higher on China, signaling more trouble ahead between the two biggest economies. He was responding to restrictions Beijing is imposing on exports of rare earths, which are materials that are critical for the manufacturing of everything from consumer electronics to jet engines.

But U.S. futures advanced, with the contract for the S&P 500 gaining 1.2% while that for the Dow Jones Industrial Average gained 0.8%.

China reported its global exports rose 8.3% in September from a year earlier, the strongest growth in six months and further evidence that its manufacturers are