09
Apr
Apr
Asia Markets Tumble as Trump’s 50% Tariff Threat Sparks Currency War Fears
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News Editor / 6 months
- 0
- 2 min read
Financial markets across Asia-Pacific suffered their worst day in 18 months Thursday after former U.S. President Donald Trump proposed 50% tariffs on all Chinese imports if re-elected, sending shockwaves through currency and equity markets. Market Bloodbath: Shanghai Composite: -4.1% (biggest drop since Feb 2024) Hang Seng: -5.3% (Alibaba -7.2%, Tencent -6.8%) Nikkei 225: -3.2% (Toyota -4.5% on China […]
