BLACK MONDAY: Asian Markets Crash Amid Global Trade War Turmoil
Panic swept through Asian financial markets this morning as fears over an escalating global trade war triggered massive selloffs, officially marking Black Monday for investors across the region.
Here’s how major indexes opened:
• Japan (Nikkei 225): -9% early, recovered to -6.5%
• China (Shanghai Composite): -6.7%
• Hong Kong (Hang Seng): -10% — worst day since February
• South Korea (Kospi): -5% before circuit breakers halted trading
• Taiwan (Taiex): -10%, trading suspended
• Singapore (Straits Times): -8.5%
• Australia (ASX 200): -6% open, closed at -3.5%
• Philippines (PSEi): -4%
Market sentiment continues to deteriorate with the U.S. set to implement sweeping new tariffs in less than 24 hours. Investors are bracing for continued volatility as Wall Street opens later today.
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