Trump tariffs live updates: Asian markets plummet further with Hong Kong stocks down almost 10%

Asian markets continued to plummet on Monday as the impact of President Trump‘s tariffs on Chinese goods reverberated across the region. Hong Kong stocks were hit particularly hard, with the Hang Seng index down almost 10% in early trading.

Investors are growing increasingly concerned about the escalating trade war between the US and China, which shows no signs of abating. The Trump administration has imposed tariffs on $200 billion worth of Chinese goods, prompting Beijing to retaliate with its own tariffs on US products.

The uncertainty surrounding the trade dispute has led to a sell-off in global markets, with Asian stocks bearing the brunt of the losses. The Japanese Nikkei index was down over 3% on Monday, while the Shanghai Composite index fell nearly 5%.

Analysts warn that the trade war could have serious consequences for the global economy, as companies grapple with higher costs and disrupted supply chains. The International Monetary Fund has already warned that the trade tensions could derail the world’s economic recovery.

Investors are closely watching for any signs of a resolution to the trade dispute, but so far, there has been little progress in negotiations between the US and China. With no end in sight to the tariffs, Asian markets are likely to remain volatile in the coming days.

It seems like there is a lot of turmoil in the global markets due to trade wars and tariffs. Sir Keir and other leaders are expressing concerns about the negative impact of these actions. It will be interesting to see how these situations develop and if any resolutions can be reached.

Asian markets continued to plummet on Monday as the impact of President Trump’s tariffs on Chinese goods reverberated across the region. Hong Kong stocks were hit particularly hard, with the Hang Seng index down almost 10% in early trading.

Investors are growing increasingly concerned about the escalating trade war between the US and China, which shows no signs of abating. The Trump administration has imposed tariffs on $200 billion worth of Chinese goods, prompting Beijing to retaliate with its own tariffs on US products.

The uncertainty surrounding the trade dispute has led to a sell-off in global markets, with Asian stocks bearing the brunt of the losses. The Japanese Nikkei index was down over 3% on Monday, while the Shanghai Composite index fell nearly 5%.

Analysts warn that the trade war could have serious consequences for the global economy, as companies grapple with higher costs and disrupted supply chains. The International Monetary Fund has already warned that the trade tensions could derail the world’s economic recovery.

Investors are closely watching for any signs of a resolution to the trade dispute, but so far, there has been little progress in negotiations between the US and China. With no end in sight to the tariffs, Asian markets are likely to remain volatile in the coming days.

https://www.independent.co.uk/news/business/trump-tariffs-uk-starmer-eu-asia-response-stock-markets-live-b2728559.html