Global share prices continued to plummet due to President Trump's new tariffs, with Asian markets seeing substantial drops, including a 3.8% fall in Japan's Nikkei 225. Investors reacted to a 24% tariff on Japanese goods and a 26% tariff on South Korean imports. The S&P 500 futures indicated further declines as markets reacted to concerns about how these tariffs could disrupt economies. Notably, Vietnam faced a 46% tariff, triggering a decline in Southeast Asian stock markets where many exports were reliant on Chinese components. Overall, fears of economic instability are driving stock sell-offs worldwide.
Share prices fell sharply for a second day in Asia amid fears of economic repercussions from President Trump's extensive tariffs, including a 24% tariff on goods from Japan.
The Nikkei 225 Index in Japan plummeted by 3.8 percent while the Kospi Index in South Korea dropped 1.7 percent as investors reacted to recent tariff announcements.
American stocks have outperformed other markets since Trump took office, yet forecasts indicated a continued decline, influenced by his recently announced broad tariff measures.
Tariffs on Vietnam reached 46 percent, impacting those who reprocess Chinese components for the U.S., leading to significant declines in Southeast Asian stock markets.
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