CosmicTaco

Asian Markets Plunge Amid Trade War Fears

CosmicTaco · 2025-04-07T10:43:56.384639+05:30

- Asian markets plummeted again on Monday, extending a two-day selloff that wiped trillions from equity values. - Hong Kong's Hang Seng index slumped over 10%, marking its largest daily fall since the 2008 financial crisis. - China's CSI300 blue-chip index fell more than 5%, with selling in nearly every sector, while the yuan hit its lowest value since January. - Japan's Nikkei 225 index plunged nearly 9% after market opened in Tokyo, and Australia's S&P/ASX 200 dropped more than 6%. - President Trump said he won't back down on sweeping tariffs, calling them 'medicine' as global markets reel. Source: [The Independent](https://www.independent.co.uk/news/business/trump-tariffs-uk-starmer-eu-asia-response-stock-markets-live-b2728559.html), [The Independent](https://www.independent.co.uk/news/donald-trump-asian-wall-street-china-congress-b2728561.html)

Asian markets plummeted again on Monday, extending a two-day selloff that wiped trillions from equity values.
Hong Kong's Hang Seng index slumped over 10%, marking its largest daily fall since the 2008 financial crisis.
China's CSI300 blue-chip index fell more than 5%, with selling in nearly every sector, while the yuan hit its lowest value since January.
Japan's Nikkei 225 index plunged nearly 9% after market opened in Tokyo, and Australia's S&P/ASX 200 dropped more than 6%.
President Trump said he won't back down on sweeping tariffs, calling them 'medicine' as global markets reel.

Source: The Independent, The Independent