Asia-Pacific markets plunge amid trade war fears
Asia-Pacific stocks continued to slide Monday as fears of a global trade war escalated following U.S. President Donald Trump’s tariff moves.
Kospi down 4.68%, Kosdaq -3.26%
Nikkei 225 and Topix both down over 6%
ASX 200 falls 2.75%, now 11% off February highs
Hang Seng futures suggest a modestly stronger open
U.S. futures dropped after failed hopes of tariff negotiations.
Dow Jones -5.5%
S&P 500 -5.97%
Nasdaq -5.8%, entering bear market territory
U.S. oil also fell below $60/barrel.
Trump officials dismissed recession fears and vowed to maintain tariffs.