Stock markets have plunged in Asia, as President Donald Trump’s tariffs continue to send shockwaves around the world
Japan’s Nikkei 225 has dropped by 6.3%, Hong Kong’s Hang Seng is down 9.8% with Hong-Kong listed shares of UK banks HSBC and Standard Charted also plunging
Earlier, US futures were sharply down, indicating that Wall Street shares will fall when US markets open
Donald Trump, whole defending his tariff policy said sometimes you had to take medicine to fix something
Bill Ackman, one of Trump’s most prominent Wall Street backers, said the tariffs could lead the world into a economic nuclear winter as he called for a 90-day pause on the taxes
News Edited by Favour Owonibi