Asian Markets Fall on US Tariff Shock
Japan’s benchmark Nikkei 225 falls 0.6%
Asian stock markets saw a severe downturn on Friday morning following the implementation of a new historic tariff globally by US President Donald Trump.
According to US media, investors’ confidence in the major markets of Asia Pacific Region has led to a big blow, Japan, South Korea and Taiwan’s index have entered the red zone.
Japan’s benchmark Nakai declined by 0.6 % in 225, South Korea’s Kospi index fell down with a severe fall of 3.2 percent, Taiwan’s TAIEX closed 0.4 percent, though Hong Kong’s Hang Seng index recorded a slight 0.2 percent increase.
According to analysts, US initiatives are making the global trade environment more strained, the effects of which have begun to appear immediately on Asian markets.
Business circles are calling this situation a tariff shock, which can have a profound impact on the global economy in the near future.
About the Author
