GLOBAL MARKETS-Stocks Slump with Bond Yields as Trump Pushes Ahead with Tariffs

GLOBAL MARKET - TOKYO. Stocks slumped and bond yields slid on Tuesday in Asia as investors braced for an imminent escalation in a global trade war with new U.S. tariffs on Canada, Mexico and China set to go into effect within hours.

The U.S. dollar remained depressed, with sterling holding close to a 1 1/2-month high and the euro also firm as European leaders drew up a Ukraine peace plan to present to Washington.