Stocks slump, dollar soars as Trump tariffs trigger trade war fears

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The Star 3h ago

Stocks slump, dollar soars as Trump tariffs trigger trade war fears - The Star

Quick Summary:

TOKYO: Asian stock markets slumped on Monday and European and U.S.equity futures pointed sharply lower after President Donald Trump's tariffs on Canada, Mexico and China triggered fears of a broad trade war and a hit to global growth.

Two-year Japanese government bond yields rose in sympathy, reaching their highest levels since October 2008.

Japan's Nikkei share average tumbled 2.9% and Australia's benchmark - often a proxy trade for Chinese markets - dropped 1.8%.