#CNA Asian stock markets continue to take hit amid global trade war fears
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Asian stock markets continue to take hit amid global trade war fears
Asian markets tumbled as they opened on Monday (Apr 7) morning, with Japan’s Nikkei 225 plunging by more than 7 per cent and Singapore’s Straits Times Index falling 8.5 per cent. Greater China markets also opened with huge losses. Fears have been growing of a global trade war, after United States President Donald Trump announced sweeping tariffs last week. Mahesh Sethuraman, Singapore CEO of investment and trading platform Saxo, tells CNA’s Elizabeth Neo that this market panic could lead to an economic and financial crisis if it continues.
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from CNA
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