Asia-Pacific markets plunge on Trump’s renewed ‘all countries’ tariff threat

Quick Summary:

Taiwan's Taiex index was down 4.2%, the worst performer among major Asia-Pacific market indices.The Nikkei 225 fell 4.1% while South Korea's KOSPI dropped 3.0%.

Hong Kong’s benchmark Hang Seng Index was down by 1.0%, while the CSI 300, which tracks mainland Chinese companies trading in Shanghai and Shenzhen, dropped by 0.7%.(Indian markets are closed for to the Eid-ul-Fitr holiday.

Trump has already imposed a 25% tariff on Canadian and Mexican imports, an additional 20% tariff on Chinese imports, and a flat 25% tariff on steel and aluminum imports.

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Article Details

Author / Journalist: Nicholas Gordon

Category: EconomyBusiness

Markets: United StatesHong KongIndiaSouth KoreaTaiwan

Topics: Australia Editor's Picks China Japan Donald Trump Tariffs and trade

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-31 @ 07:44:22 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 664 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 166 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27465614

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