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Japan's Nikkei share average slumped 5% in early trade on Friday, tracking Wall Street's sharp losses amid worries over uncertainty about the trade war's potential economic fallout.

The Topix Index fell 4% to 2,544.41 as of 9:12 a.m. Tokyo time, while the blue-chip Nikkei declined 4.1% to 34,281.76.

Focus is on China stocks after Trump on Monday threatened additional 50% tariffs on China if Beijing did not lift its duties ...