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Asian markets plunge after Trump’s tariffs

BusinessAsian markets plunge after Trump’s tariffs

Asian markets and US futures have tumbled after Donald Trump introduced a wave of tariffs on imports from all over the world.

Nasdaq futures plunged 4pc, whereas Apple shares have been down almost 7pc in after-hours buying and selling on Wednesday night time.

The long run for the S&P 500 dropped 3pc whereas that for the Dow Jones Industrial Common misplaced 2pc, as merchants put together for a nervous morning on Wall Avenue.

Asian markets began the day miserably, with Tokyo’s Nikkei 225 index falling greater than 3.4 per cent after Japan was hit with a 24pc tax on imports to the US.

South Korea was hit with a 25pc tariff and its benchmark Kospi was down 1.9pc. In Australia – which woke as much as a 10pc tariff – the S&P/ASX 200 fell 1.8pc.

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