SINGAPORE: Stocks dived, bonds surged, the dollar rose and Asia's markets were set to slide on Thursday as U.S. President Donald Trump announced a bigger-than-expected wall of tariffs around the world's largest economy, upending trade and supply chains.
Nasdaq futures tumbled 4%, with tech on the front line because China - hit with a 34% levy on top of a previous 20% tariff - is such a significant manufacturing hub. Apple shares were down nearly 7% in after-hours trade.
