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.
Japanβs benchmark Nikkei 225 index closed 2.8% down, while South Koreaβs Kospi index closed less than 1% lower.
Hong Kongβs benchmark Hang Seng Index closed 1.5% down. In Europe, the regionβs benchmark Stoxx 600 index was trading 2% lower at 6.45 a.m. ET, while Franceβs CAC was 2.5% down and Germanyβs DAX fell more than 2%. Londonβs 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.
