Key international inventory markets continued their slide after opening on Friday morning, because the shockwaves of President Donald Trump’s “Liberation Day” tariffs continued to reverberate across the globe.
Japan’s Nikkei index misplaced 3.5% on Friday, whereas the broader Japanese Topix index fell 4.45%.
In South Korea, the KOSPI index was down 1.7%, with the nation grappling with each Trump’s tariffs and the information that South Korea’s Constitutional Courtroom upheld the impeachment of President Yoon Suk Yeol.
Indian buyers joined the sell-off on Friday, with the Nifty 50 and BSE Sensex indexes each falling greater than 1%. India’s inventory markets had beforehand carried out higher than others because of decrease tariffs than opponents like China, Indonesia and Vietnam.
A display shows monetary information as merchants work on the ground on the New York Inventory Trade in New York, on April 3, 2025.
Seth Wenig/AP
Australia’s S&P/ASX, in the meantime, continued its slide into Friday with one other 2% drop taking the index to an 8-month low.
Trump’s Wednesday announcement of tariffs on almost all American commerce companions despatched U.S. and international markets alike right into a tailspin.
All three main American inventory markets closed down on Thursday, marking their worst day since June 2020 in the course of the COVID-19 pandemic.
The NASDAQ fell 6%, the S&P 500 4.8% and the Dow Jones almost 4%
Main firms had been amongst these struggling. Nike plummeted 14% whereas Apple fell 9%. E-commerce big Amazon slid almost 9%.
Shares fell for every of the opposite so-called “Magnificent Seven,” a gaggle of enormous tech companies that helped drive inventory market positive factors in recent times.
Meta, the father or mother firm of Fb and Instagram, dropped almost 9%. Chipmaker Nvidia slid 7%.
Tesla, the electrical carmaker led by Trump-advisor Elon Musk, declined 5%.
A person checks his telephone subsequent to an digital board exhibiting shares on the Heng Seng Index in Hong Kong on April 3, 2025.
Peter Parks/AFP by way of Getty Photographs
Shares of U.S. retailers that rely largely on imported merchandise additionally tumbled, with Greenback Tree down 13% and 5 Under seeing 27% losses..
Inventory futures steered extra ache for buyers on Friday. NASDAQ, S&P 500 and Dow Jones futures all slid by round 0.3%.
ABC Information’ Leah Sarnoff and Max Zahn contributed to this report.