Asian shares slipped further today as the latest set of Donald Trump’s tariffs took effect including a massive 104 per cent levy on Chinese imports.
Japan‘s stock market index dropped nearly 5 per cent with global markets having been wobbly for days with investors flummoxed over what to make of the trade war.
The Nikkei 225 was down 4.7 per cent at 32,476, the Hang Seng in Hong Kong lost 1.8 per cent to 19,769 and South Korea‘s Kospi fell 1.9 per cent to 2,291.
The Shanghai Composite index was trading roughly level at 3,141, while the S&P/ASX 200 in Australia declined 1.8 per cent to 7,375 and shares in New Zealand also fell.
On Wall Street yesterday, the S&P 500 dropped 1.6 per cent after wiping out an early gain of 4.1 per cent. That took it nearly 19 per cent below its record set in February.
The Dow Jones Industrial Average dropped 0.8 per cent, while the Nasdaq composite lost 2.1 per cent.
Currency dealers monitor exchange rates in front of a big screen at Hana Bank in Seoul today
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