Asian shares were mostly lower Wednesday as markets mulled the impact of tariffs being imposed by the United States and China. The Hang Seng dropped 0.6% to 20,659.41, while the Shanghai Composite lost 0.

Markets sold off on Monday as investors digested Donald Trump's tariff announcements on Mexico, Canada, and China.

Stock market returns under presidential administrations are more correlation than causation, regardless of what political pundits say.

KEY TAKEAWAYS U.S. stock futures are tanking after the Trump administration imposed tariffs on goods from Mexico, Canada, and China that are due to take effect Tuesday.Shares of automakers, which assemble vehicles in Canada and Mexico and import parts from China,

US shares regained some ground after falling sharply in early trade as Trump paused tariffs on Mexico and Canada.

Trump's imposition of tariffs on imports from China, Mexico and Canada rattled markets, with shares of media companies falling lower.