Asian actions submerged during Wednesday’s commercial session after the last lot of sanctions of President Donald Trump against China entered into force, helping to clean the limited profits of Tuesday and aggravate a turbulent week for the key indices in the world.
Trump’s new measures increased the accumulated rate of tariffs on Chinese products to 104%: a measure found more condemnation in Beijing, where officials warned that China is ready to fight against an extended commercial war if they are forced to do so.
The last tariffs entered into force with the key Asian markets already open. In Japan, the Nikkei index fell more than 5% in response, while the broader topix index fell 4.6%. The Nikkei closed 3.93% and the Topix dropped 3.4%.
The actions in Taiwan fell more than 5.7%, the Singapore ITS index fell 2.4%, the Kospi index of South Korea lost 1.8%, Australia S& P/ASX 200 lost 1.8% and Nifty 50 from India fell 0.4%.
In China, Hong Kong Hang Sen index fell 0.4%. The SSE Shanghai compound index of Shanghai, which has fewer international investors and is promoted by state investors known as the “national team”, recorded 1.1% profits despite the new rates. The compound from Shenzhen increased 2.2%.
Shipping containers are seen at the Port Jersey container terminal, with the Manhattan horizon in the distance, in Jersey City, New Jersey, April 8, 2025.
Charly triballeau/AFP through Getty Images
In Europe, the key indices fell into the opening.
The British FTSE 100 fell by 2.2%, the German Dax index fell 2.3%, France CAC 40 fell by 2.4%and the Ibex Index of Spain fell 2%. The Stoxx paneurpeo index fell 2.6%.
Futures of the US stock market.
Dow Jones Futures rose 0.01% to Wednesday morning, with S& P 500 Futures dropped 0.02% and Nasdaq Futures rises 0.26%.
The actions of the United States closed lower on Tuesday, marking an important reversal of a rally that sent the S& P 500 and Nasdaq rose more than 4% earlier in the day.
The Dow Jones industrial average closed 320 points, or 0.8%, while NASDAQ decreased 2.1%.
The s& P 500 fell 1.5%, putting the index on the edge of a bearish market, a term that indicates a 20% drop in an earlier peak.
The most under Tuesday movement resumed a sale of a sale that goes back to Trump’s tariff announcement last week. Since then, the S& P 500 and Nasdaq have fallen more than 12%.
An passer -by is reflected on an electronic screen that shows a graph that shows the recent average Nikkei movements from Japan outside a brokerage in Tokyo, Japan, on April 9, 2025.
Issei Kato/Reuters
Max Zahn of ABC News contributed to this report.
