Skip next section Asian stocks slump as tariff concerns continue despite Trump reversal
04/11/2025April 11, 2025
Asian stocks slump as tariff concerns continue despite Trump reversal
Asian markets dropped on Friday, amid continuing uncertainty caused by threat of on most of the US’ trading partners.
The market jitters dragged Japan’s Nikkei 225 index down 5.6% at the opening. By mid-morning in Tokyo, the Nikkei was down 4.7%.
The dollar, which was down against the euro on Thursday, also lost value against the yen Friday.
Stock markets in South Korea and Australia were also down by 1.6% and 2.1% respectively, while Sydney, Singapore, Taipei, Wellington, Jakarta and Manila were also in the red on Friday morning.
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04/11/2025April 11, 2025
Central bank, finance officials from China, Japan, South Korea discuss tariff impact
Finance and central bank officials from China, Japan and South Korea met this week to discuss the impact of the on global trade.
In a statement, the People’s Bank of China said its Deputy Governor Xuan Changneng had attended a regular meeting between ASEAN and China, Japan and South Korea finance and central bank deputies in Malaysia this week.
While abruptly reversed course this week, , China is still facing a 145% levy on all exports to the US.
China’s central bank said in the statement that it would introduce a relatively loose monetary policy and try to restore confidence in financial markets.
The officials also discussed the macroeconomic situation as well as regional financial cooperation, Reuters news agency reported.
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Skip next section Welcome to our coverage04/11/2025April 11, 2025
Welcome to our coverage
Asian markets opened down on Friday, as the uncertainty caused by US President ‘s threat of tariffs continues to spook investors.
After making historic gains in the wake of Trump’s announcement of a 90-day freeze on most tariffs — except for the 145% levies imposed on Chinese imports — Wall Street resumed its freefall Thursday.
Meanwhile, finance and central bank officials from China, Japan and South Korea met this week to discuss the impact of the tariffs on global trade.
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The post Trump tariffs: Asian markets slump despite Trump’s tariff pause appeared first on Deutsche Welle.
