Technology

Asian stocks slide after Wall Street surrenders to a hit by Trump's tariffs

Asian markets have fallen further after Wall Street led the biggest loss among world's markets following U.S. President Donald Trump's “Liberation Day” tariffs. Tokyo's Nikkei 225 lost 4.3%, while Korea's Kospi fell 1.5%. On Thursday, the S&P 500 fell 4.8%...

HONG KONG (AP) — Asian shares slid further Friday after U.S. President Donald Trump's tariffs sent shudders through Wall Street at a level of shock unseen since the COVID-19 pandemic pummeled world markets in 2020.

Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies has fallen.

Even gold, a traditional safe haven that recently hit record highs , pulled lower after Trump announced his “Liberation Day” set of tariffs,’ which economists say carries the risk of a potentially toxic mix of weakening economic growth and higher inflation. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

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