Shares have sagged in Asia after President Donald Trump announced he will raise tariffs on imported cars. Tokyo's benchmark fell 1% on heavy selling of automakers.

Asian Shares Are Mostly Lower After Tech-Fueled Gain on Wall Street HONG KONG (AP) — Asian shares were mostly lower on Monday after gains in technology stocks snapped Wall Street’s four-week losing streak.

Markets appear to be settling a day after a broad rally was fueled by hopes the Trump administration may take a more targeted approach to tariffs. Futures for the S&P 500, the Nasdaq and the Dow Jones Industrial Average all rose less than 0.