The global stock market rout spurred off by tariff hikes announced by the US administration on April 2 continued on Monday (April 7).
Tracking the bloodbath on Wall Street on Friday (April 4), Asian markets recorded steep falls amide widespread sell-off.
Benchmark stock indices in Japan, Taiwan, and Hong Kong took were among the hardest hit in early trade, diving over 8 per cent each.
Tokyo Stock Exchange’s Nikkei index, which had opened in the red by 625.61 points at 33,154.97, further sank to hit a 52-week low of 30,792.74 during early trade— down 8.84 per cent from the previous session’s closing level of 33,780.58.
Things were similar, if not worse, for other Asian stock indices as well. Taiwan’s stocks dived nearly 10 per cent, as trading resumed following a long weekend.
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