Key international inventory markets tumbled upon opening on Monday because the world’s response to President Donald Trump’s tariffs marketing campaign continued — and as U.S. futures signaled extra turmoil for American markets.
Within the U.S., futures for the S&P 500 misplaced 4.5%, these for the Dow Jones Industrial Common shed 4% and Nasdaq futures misplaced 4.8% as of Monday morning.
Tokyo’s Nikkei 225 index misplaced practically 9% shortly after the market opened on Monday, the steep decline triggering a circuit breaker that briefly halted buying and selling. Japan’s broader TOPIX index sank 8%.
In Taiwan, the Taiex misplaced 9.7%, whereas in Singapore the STI fell greater than 8%.
South Korea’s KOSPI index fell greater than 5.5% in Monday buying and selling, with Australia’s S&P/ASX 200 sliding greater than 6% earlier than recovering barely.
Hong Kong’s Dangle Seng Index dropped 13.22% — its worst one-day efficiency since 1997 in the course of the Asian Monetary Disaster — with Chinese language tech shares like Alibaba and Baidu among the many huge losers. On the mainland — the place there are fewer worldwide buyers — the Shanghai Composite Index dropped greater than 7%.
A foreign money dealer reacts on the international trade dealing room of the KEB Hana Financial institution headquarters in Seoul, South Korea, on April 7, 2025.
Ahn Younger-joon/AP
India’s inventory markets additionally struggled. The BSE’s Sensex dropped 5.19% whereas the broader Nifty tumbled 5%.
European indexes adopted go well with on Monday morning.
The British FTSE 100 index fell 6% upon opening. The pan-European Stoxx 600 index dropped greater than 6%, Germany’s DAX index fell 10%, France’s CAC misplaced 6.6% and Italy’s FTSE MIB slid 5.7%.
Traders are bracing for continued market turmoil on Monday in response to Trump’s “Liberation Day” tariffs introduced final week.
Talking with reporters on Air Pressure One on Sunday, Trump addressed the latest market turbulence and subsequent fears of an imminent recession.
“Now what is going on to occur with the market? I can not let you know, however I can let you know, our nation has gotten lots stronger, and ultimately it will be a rustic like no different, it will be essentially the most dominant nation economically on this planet,” Trump mentioned.
An digital board exhibiting the Nikkei 225 index on the Tokyo Inventory Alternate is seen in Tokyo, Japan, on April 7, 2025.
Kazuhiro Nogi/AFP by way of Getty Pictures
“I do not need something to go down, however typically it’s a must to take medication to repair one thing and now we have such a horrible — now we have been handled so badly by different nations as a result of we had silly management that allowed this to occur,” the president added.
U.S. markets closed considerably down on Friday. The Dow Jones Industrial Common plummeted 2,230 factors, or 5.5%, whereas the S&P 500 plunged 6%.
The tech-heavy Nasdaq declined 5.8%. The decline put the Nasdaq into bear market territory, that means the index has fallen greater than 20% from its latest peak.
The buying and selling session on Friday marked the worst day for U.S. shares since 2020. The second-worst day for U.S. shares since 2020 occurred on Thursday, a day earlier.
ABC Information’ Ellie Kaufman, Karson Yiu, Zunaira Zaki, Max Zahn and Hannah Demissie contributed to this report.