Tokyo’s Nikkei 225 index tumbled nearly 8% and other Asian markets slid, while U.S. stock futures point to renewed selloff.
Overseas financial markets plunged in early trading Monday, while U.S. stock futures came under renewed selling pressure after leading indexes crumbled last week amid investor fears over the economic fallout from the Trump administration’s latest tariff salvo.
Japan’s Nikkei 225 index tumbled nearly 8% shortly after the market opened in Tokyo, and Australia’s S&P/ASX 200 dropped more than 6%. South Korea’s Kospi lost 4.4%.Stock futures
The futures contracts for the Nasdaq 100 Index shed 5% in early trading in Asia, and futures on the S&P 500 and Dow Jones Industrial Average each sank more than 4%.
Stock markets around the world sold off last week after President Trump on April 2 announced a minimum 10% tariff on all U.S. imports and „reciprocal“ levies on nearly 90 countries. The global tariff took effect on Saturday, while the matching tariffs are set to hit on April 9.
The scale of the tariffs surprised investors, sending U.S. stocks into their sharpest decline in five years and wiping out trillions in investor wealth. Many economists warn that imposing broad tariffs on goods shipped into the U.
