Asian markets plummeted on Monday, with Japan’s Nikkei 225 and Taiwan’s Taiex indexes falling nearly 4 percent each. South Korea’s markets dropped about 3 percent, while Hong Kong and mainland China saw a decline of around 1 percent.
Futures on the S&P 500 slid on Sunday evening, following Friday’s 2 percent drop due to concerns over inflation and weak consumer sentiment. The uncertainty surrounding President Trump’s “America First” trade policy has investors on edge.
Trump’s recent announcements include increased tariffs on imported cars and car parts, set to be implemented this week. Additional sanctions are also being considered for Russia, with threats of further retaliatory measures against other countries. The scheduled release of the monthly jobs report could provide more insight into the impact of Trump’s policies on the economy.
China’s export-led industrial sector continues to expand despite initial tariffs, according to a recent report. However, investors remain cautious due to Trump’s comments about not caring for market fallout or consumer sentiment.
Source: https://www.nytimes.com/2025/03/30/business/stocks-nikkei-sp500.html