Stocks, US dollar sink as Trump tariffs fuel economic worries

Quick Summary:

China was hit with a 34 per cent reciprocal tariff, Japan 24 per cent, South Korea 25 per cent and Vietnam 46 per cent.

MSCI's gauge of stocks across the globe fell 23.68 points, or 2.83 per cent, to 812.43.

Gold hit a record high above US$3,160 an ounce before running out of steam while Japan's yen jumped.Spot gold fell 1.23 per cent to US$3,094.14 an ounce.

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Article Details

Category: EconomyBusiness

Markets: SingaporeCanadaChinaJapanSouth KoreaMexicoUnited StatesVietnam

Topics: Tariffs Trade Economic Cent Global Fell York Bonds Tariff Points Dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-03 @ 23:38:35 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 790 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 27567243

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 59 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

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Publisher ID: #27

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