Equities fell in Asia as investors took a step back after recent gains, with the focus now turning to a key speech by Federal Reserve boss Jerome Powell at the end of the week.
The United States delays tariffs on Chinese-made cellphones, laptop computers and other items and removes other Chinese imports from its target list altogether.
Amazon said its investment in faster shipping was starting to pay off, with revenue rising 20% to $63.4 billion in the second quarter ended in June.
The Wall Street bond yields hit their lowest since 2017. Dow Jones is down 0.93%, with the S&P 500 down 0.85%, and Nasdaq down 0.39% as well.
"I think they know it is our money, so they will give back our money," Malaysia's Prime Minister Mahathir Mohamad told a news conference after confirming the $200 million figure.
US stocks plunged as investors, fearful that rising interest rates and trade tensions could hurt company profits, ramped up their selling of high-flying technology and internet stocks.
Tokyo, Hong Kong and Shanghai were among the worst hit as they plunged between three and four percent, while investors piled into safe haven assets such as gold and the yen.
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