An electronic stock board showing the Topix Index displayed inside the Kabuto One building in Tokyo, Japan, on April 3, 2025. Japan’s stocks plunged after President Donald Trump slapped the nation with a 24% levy as part of tariffs on trading partners worldwide. - Bloomberg
HONG KONG: Equity markets suffered a bloodbath Thursday (April 3) after Donald Trump delivered a "haymaker" blow with sweeping tariffs against US partners and rivals, fanning a global trade war that many fear will spark recessions and ramp up inflation.
Tokyo's Nikkei led an Asian selloff, collapsing more than four per cent, while US futures plunged, safe haven gold hit a record high and the yen jumped one per cent.
