April 7, 2025 - 14:08
Asian markets experienced a significant downturn on Monday as the implications of US President Donald Trump's recent tariff announcements sent shockwaves through the financial landscape. The Hang Seng index in Hong Kong recorded its steepest decline since the 1997 Asian financial crisis, highlighting the severity of the investor reaction.
In addition to the turmoil in Asia, European markets also faced substantial losses as concerns about escalating trade tensions continued to mount. Analysts warn that the introduction of these tariffs could disrupt the delicate balance of global trade, potentially leading to retaliatory measures from affected countries.
Investors are increasingly anxious about the impact of these tariffs on international supply chains and overall economic growth. The uncertainty surrounding trade policies has led to a cautious approach among market participants, resulting in widespread sell-offs across various sectors. As the situation unfolds, the global economy remains on edge, with many watching closely for further developments.
