Trump Tariffs Trigger Market Panic; Japan, Taiwan Hit Circuit Breakers
Asian markets experienced a sharp sell-off on Monday, April 7th, driven by concerns over President Trump’s reciprocal tariffs and the potential for a US recession. Circuit breakers were triggered in Japan and Taiwan due to significant declines exceeding 8% and 9.8% respectively in their key indices. Other Asian markets, including Singapore, Hong Kong, South Korea, Australia, and India, also suffered substantial losses. These widespread drops followed a negative outlook in US futures markets, indicating continued global market volatility.
John Q. Hosedrinker