Stock markets across the Asia-Pacific and Europe fell Thursday and US markets were also set to open lower after US President Donald Trump announced new tariffs on trading partners around the world.
Japan’s benchmark Nikkei 225 index closed 2.8% down, while South Korea’s Kospi index closed less than 1% lower.
Hong Kong’s benchmark Hang Seng Index closed 1.5% down. In Europe, the region’s benchmark Stoxx 600 index was trading 2% lower at 6.45 a.m. ET, while France’s CAC was 2.5% down and Germany’s DAX fell more than 2%. London’s FTSE 100 had fallen 1.5% by the same time.
Falling US stock futures also pointed to a difficult day ahead.Dow futures were 2.8% down and S&P 500 futures 3.4% lower. The tech-heavy Nasdaq was set to open 3.8% lower.
