Following US President Donald Trump’s statement of stringent taxes and Beijing’s retribution with 34 % duties on all US goods starting April 10, a global market defeat intensified on Monday.
Stock markets across Asia experienced sharp declines, with investor sentiment falling as a result of worries about a world trade war. According to experts, the economic crisis of 2008 and the loss of over$ 9 trillion in market value were all but eliminated in only two days.
Following Friday’s strong decline, Wall Street is getting ready for even more costs. The S&, P 500, Dow Jones, and Nasdaq all experienced their worst single-day performance since the pandemic started, dropping 6 % and 5 %, respectively. In contrast, US crude prices dropped below$ 60 per barrel and the dollar dropped to 145.98 yen, indicating a shift away from traditional safe have ns.
Major Trump authorities reported that, in response to the administration’s recent retaliation for impending buy price negotiations, over 50 nations have reached out to the White House for further discussions. Secretary of State Scott Bessent cautioned that a resolution to unjust trade practices won’t be easy.
India: International shockwaves cause uncertainty to rise.
BSE Sensex and Nifty50, two standard American capital indexes that crashed in early trading on Monday, fell more than 3.5 % as a result of investor sentiment stricken by global market upheaval.
At 9: 15 am, the Sensex was down 2, 567 points or 3.41 %, trading at 72, 797.97, while the Nifty50 slipped 838 points or 3.66 % to 22, 066.10.
Following last year’s downturn, when benchmark indices fell over 2.5 % after a protracted combination phase, the sharp decrease follows. The most recent decline is being attributed to growing worries about a global trade war and unfavorable external factors, particularly in the midst of recent US tax deeds.
A senior official from the finance ministry told Reuters that, assuming crude oil prices remain below$ 70 per barrel, India is still on track to meet its FY26 GDP growth target of 6.3 % to 6.8 %.
South Korea’s Kospi drops 5.5 % as the tech industry suffers.
Seoul’s Kospi dropped 5.5 % as a result of declines in manufacturing and tech stocks. South Korea, which relies heavily on exports to the US and China, faces a dual-front problem.
Taiwan’s decision to halt small selling gave rise to a brief period of stabilization, but local sell-offs persisted.
More than 50 nations have reached out to the chairman, according to Kevin Hassett, the mind of the US National Economic Council.
Japan: Nikkei 225 plummets 7.1 %
The Tokyo market experienced simple intraday loss of almost 8 %, while the market dropped 7.1 %. The yen’s price increased to 145.98 per penny as traders rushed to safe-haven resources.
For the first time since April 2021, US crude dropped below$ 60 per barrel, highlighting global demand concerns.
Donald Trump, who was unmoved by the conflict, once said,” Sometimes you have to take medication to mend something.”
China: Tax retaliation intensifies the crisis
Beijing retaliated by imposing a 34 % tax on all US imports starting on April 10, sending the Shanghai Composite down 6.5 %.
The Chinese Commerce Ministry raised concerns about a lingering industry conflict as a direct response to the “aggression” of the US.
Jerome Powell, the head of the Fed, warned that” the trade war may lead to higher prices and lower rise.”
United States: Wall Street prepares for more disaster.
Following Friday’s historic crash—S&, P 500 (-6 % ), Dow (-5.5 % ), Nasdaq (-5.8 % ) —US futures pointed to more losses.
Trump repeated,” THIS IS A GREAT Day TO Getting RICH.” However, Jerome Powell reaffirmed with unwavering conviction that” we have an obligation to keep longer-term prices expectations also anchored.”
Due to concerns about a governmental clampdown from Beijing, GE Healthcare and DuPont experienced double-digit costs.
Taiwan: Index drops by nearly 10 %, short selling stopped.
As buying resumed after a vacation, Taipei’s Taiex dropped 9.8 %. To stop a deeper rout, authorities put temporary restrictions on small selling until Friday.
President Lai Ching-te stated that Taiwan may negotiate a zero-tariff agreement with Washington but would not impose retaliatory levies. To reduce domestic effects, a$ 2.7 billion signal was announced.
Australia: ASX reaches 15-month small
The ASX 200 index in Australia dropped 6.3 %, which is its lowest level in nearly 15 months. You didn’t change international events, said Prime Minister Anthony Albanese. You can do this by getting ready for them.
Fears of a downturn were heightened by the US’s imposed 10 % tax on American goods.
Singapore’s markets dropped by 8.5 % at the start of the week.
One of the steepest regional declines caused the Singapore Straits Times Index to fall by 8.5 %.
The city-state is particularly susceptible to the spiraling tariff war because of its high reliance on international trade.
The standard KOSPI score in South Korea dropped 5.26 pct, or 129.57 points, to 2, 335.85, triggering a so-called car mechanism that for the first time in eight months, briefly halted some investing.
South Korea is one of the hardest-hit economies because of its large trade dependency, which means that when the US imposes exceptionally high tariffs, it becomes one of the hardest-hit economies, according to Kim Dae-jong of Sejong University in Seoul.
United Kingdom: FTSE geared up for hefty costs
At the time of writing, the English markets were closed, but they are anticipated to open quickly lower. In an op-ed, Prime Minister Keir Starmer reaffirms the importance of “deals and partnerships” and says,” The world as we knew it has gone.”
Saudi Arabia and the Gulf: A historically troubled oil-rich nation is hit by fuel giant.
Sunday, the worst day since the pandemic, saw a drop in Saudi areas of 6.78 %. Aramco’s stock dropped 6.2 %, causing a market loss of over$ 133 billion. Gulf peers Kuwait (-5.7 % ), Qatar (-4.2 % ), and Oman (-2.6 % ) also posted losses.
According to state-run Al-Ekhbariya,” Trump’s tariffs weighed heavily on international markets, particularly Arabian markets today.”
What lies forward: the prices and interest rate dilemme
Central institutions are under pressure to work as the world economy becomes more uncertain. However, Powell made a careful comment that” a one-time increase in the price level may not be a permanent inflation issue.”
There is now a choice between the Fed and the Fed: lower interest rates to lessen economic problems or maintain a downward trend.
Investor sentiment depends on whether diplomacy may change confrontation as panic spreads across international markets. They “are dying to make a deal,” according to Trump.
