Asian Markets Plunge Amid US 104% Tariffs Threat Against China

Today (April 9, 2025), most Asian markets opened with a decline, overshadowed by yesterday’s threats from the U.S. President regarding even higher tariffs against China. Specifically, yesterday (April 8, 2025), Trump announced that starting today, tariffs previously announced on April 2 would be imposed, causing significant market reactions. The Asia Dow index is falling by 2.93%, Nikkei 225 (Tokyo) is down by 4.01%, Hang Seng (South Korea) is dropping by 1.55%, while Shanghai shows a slight increase of 0.24%. Meanwhile, Singapore’s market is down by 2.15%, and Sensex (Bombay, India) records a 0.2% drop.