debut: 2/16/17
39,307 runs
Asian markets plunge as Trump’s global tariff turmoil deepens
Asian markets plunged on Monday, deepening a global stocks rout triggered by US President Donald Trump’s trade war.Japan’s benchmark Nikkei fell by more than 8% shortly after opening. The share average, which tracks 225 of the country’s most valuable companies, has fallen below the 33,000 level for the first time since August 2024, according to Reuters. The broader Topix index last traded more than 9% lower.
Japanese Prime Minister Shigeru Ishiba said on Monday the government will continue to ask President Trump to lower tariffs against Japan, but acknowledged results “won’t come overnight,” according to Reuters.
US stocks were set to open sharply lower Monday, putting the S&P 500 on the precipice of a bear market — a decline of 20% from its peak and an ominous sign for investors and perhaps the broader economy.
South Korea’s Kospi tumbled more than 4.8% shortly after opening. Australia’s benchmark ASX 200 index fell as much 6.3% in morning trade, while New Zealand’s NZX 50 lost more 3.5%.
The good news, perhaps, is that the stock plunge has created some buying opportunities for investors. Stocks are trading at a historically cheap 15 times future earnings projections now. That could help markets rebound if investors believe stocks are oversold.
CNN
Asian markets plunged on Monday, deepening a global stocks rout triggered by US President Donald Trump’s trade war.Japan’s benchmark Nikkei fell by more than 8% shortly after opening. The share average, which tracks 225 of the country’s most valuable companies, has fallen below the 33,000 level for the first time since August 2024, according to Reuters. The broader Topix index last traded more than 9% lower.
Japanese Prime Minister Shigeru Ishiba said on Monday the government will continue to ask President Trump to lower tariffs against Japan, but acknowledged results “won’t come overnight,” according to Reuters.
US stocks were set to open sharply lower Monday, putting the S&P 500 on the precipice of a bear market — a decline of 20% from its peak and an ominous sign for investors and perhaps the broader economy.
South Korea’s Kospi tumbled more than 4.8% shortly after opening. Australia’s benchmark ASX 200 index fell as much 6.3% in morning trade, while New Zealand’s NZX 50 lost more 3.5%.
The good news, perhaps, is that the stock plunge has created some buying opportunities for investors. Stocks are trading at a historically cheap 15 times future earnings projections now. That could help markets rebound if investors believe stocks are oversold.
CNN
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