Reported about 20 hours ago
Asian markets saw a significant decline on Monday, with Japan's Nikkei 225 falling nearly 8% in response to a major crash on Wall Street attributed to U.S. President Trump's tariff increases and China's retaliatory measures. The S&P 500 and Dow also suffered severe losses of 6% and 5.5%, respectively. The concerns over rising tariffs and potential global recession fueled investor panic, resulting in drastic declines in stock values across Asia, including sharp drops for major companies like Alibaba and Tencent.
Source: YAHOO