Vietnam will impose anti-dumping tariffs on steel from China, following South Korea and other nations in fighting back against surging supplies from the world’s biggest producer.

Asian equities were mixed overnight as Indonesia outperformed, Taiwan underperformed, and South Korea was closed for Independence Day.

Anti-Chinese sentiment has been growing in South Korea, along with opposition to the impeachment of President Yoon Suk Yeol

Chinese and Taiwanese companies will invest nearly US$300 billion overseas, while those from South Korea will funnel US$200 billion.

U.S. stocks rallied on Friday to close out their dreary February on a brighter note. The S&P 500 jumped 1.6% to trim its loss for the month, enough to make it the worst only since December instead of since April.

South Korea's suspended president defends himself at impeachment hearing. Taiwan blames China for disconnected undersea cable. Deadly bus crash in Thailand. Hong Kong plans deep cuts to civil service jobs.

China’s foreign ministry spokesman, Lin Jian, warns that China would fight ‘to the bitter end’ in ‘a tariff war, a trade war, or any other kind of war.’

India's finished steel imports from China, South Korea and Japan hit a record high in the first 10 months of the financial year, according to provisional government data seen by Reuters on Tuesday.

Shipbuilders in Japan and South Korea – likely intended to benefit from a US port fee plan targeting China – might not be able to make up for the shortfall.

Vietnam's Steel Association has asked the government to impose tariffs on galvanised steel imported from China and South Korea to protect domestic production, the government said on Friday.

Shares retreated Friday in Asia, with benchmarks in Japan, Hong Kong and South Korea falling more than 2% after Wall Street indexes fell sharply on doubts over the frenzy around artificial-intelligence technology.