DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News Business

Asian markets, US futures slide as Trump’s new China tariffs go into effect

April 9, 2025
in Business, News
Asian markets, US futures slide as Trump’s new China tariffs go into effect
502
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Asian stocks plunged again during Wednesday’s trading session after President Donald Trump’s latest batch of sanctions on China came into force, helping wipe off Tuesday’s limited gains and compounding a turbulent week for the world’s key indexes.

Trump’s new measures increased the cumulative rate of tariffs on Chinese goods to 104% — a move met with more condemnation in Beijing, where officials warned that China is ready to fight an extended trade war if forced to do so.

The latest tariffs came into force with key Asian markets already open. In Japan, the Nikkei index dropped more than 5% in response, while the broader TOPIX index slipped 4.6%.

In China, Hong Kong’s Hang Sen index slipped 4.3%. The Shanghai Composite Index — which has fewer international investors and is buoyed by the state-owned investors known as the “National Team” — posted gains of around 1%.

Stocks in Taiwan fell more than 5.7%, Singapore’s STI index slipped 2.4%, South Korea’s KOSPI index lost around 1.9%, Australia’s S&P/ASX 200 lost 1% and India’s NIFTY 50 dropped 0.6%.

U.S. stock market futures indicated continued uncertainty, despite the White House touting possible deals with as many as 70 nations seeking to avoid the impact of Trump’s tariff campaign.

Dow Jones futures were down 2.4% as of Wednesday morning, with S&P 500 futures down 2.7% and Nasdaq futures down 2.6%.

United States stocks closed lower on Tuesday, marking a major reversal from a rally that sent the S&P 500 and Nasdaq up more than 4% earlier in the day.

The Dow Jones Industrial Average closed down 320 points, or 0.8%, while the Nasdaq dropped 2.1%.

The S&P 500 fell 1.5%, putting the index on the brink of a bear market, a term that indicates a 20% drop from a previous peak.

The move lower on Tuesday resumed a selloff that stretches back to Trump’s tariff announcement last week. Since then, the S&P 500 and Nasdaq have each fallen more than 12%.

ABC News’ Max Zahn contributed to this report.

The post Asian markets, US futures slide as Trump’s new China tariffs go into effect appeared first on ABC News.

Share201Tweet126Share
Tears As Autistic Boy, 6, Reunites With Family Dog Trained To Support Him
News

Tears As Autistic Boy, 6, Reunites With Family Dog Trained To Support Him

by Newsweek
August 9, 2025

A mom from Alabama captured the precious moment her son was finally reunited with his dog, following four months of ...

Read more
News

Jaxson Dart Gets Honest About Mindset Before NY Giants Debut

August 9, 2025
News

‘Arab Forces’ Running Gaza? Netanyahu’s Goal Leaves Many Questions.

August 9, 2025
News

Zelensky Rejects Ceding Land to Russia After Trump Suggests a Land Swap

August 9, 2025
News

Zelensky Rejects Trump’s Suggestion That Ukraine Should Give Up Territory to Russia in Peace Talks

August 9, 2025
Moscow warns of ‘provocations’ ahead of Putin-Trump meeting

Moscow warns of ‘provocations’ ahead of Putin-Trump meeting

August 9, 2025
Watching plastic surgery reels has me debating it for myself. I’ve started hyper-fixating on the changes in my own face.

Watching plastic surgery reels has me debating it for myself. I’ve started hyper-fixating on the changes in my own face.

August 9, 2025
Bathtub-Obsessed Dog Who Can’t Stop Splashing Wins Pet of the Week

Bathtub-Obsessed Dog Who Can’t Stop Splashing Wins Pet of the Week

August 9, 2025

Copyright © 2025.

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2025.