On Monday, Asian markets experienced significant declines, with Japan's Nikkei 225 dropping over 4%. This turmoil stemmed from fears of rising inflation and a slowdown in the U.S. economy. The backdrop includes a powerful earthquake in Myanmar causing regional destruction. U.S. futures and oil prices also fell. The latest reports indicate increasing pessimism among American consumers regarding their finances, amplifying concerns over potential future spending freezes due to escalated trade tensions and tariffs under the Trump administration, leading to unstable market conditions.
Asian shares plummeted, triggered by trade war fears, inflation worries, and overheating markets, exacerbated by a recent devastating earthquake in Myanmar.
Tokyo's Nikkei 225 index plunged more than 4%, reflecting concerns over U.S. economic slowdown and its impact on global markets amid rising trade tensions.
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