"Asian" economy crisis unexpectedly, Trump's tariffs drag "stocks down" worldwide

"Asian" economy crisis unexpectedly, Trump's tariffs drag "stocks down" worldwide

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Asian stock markets opened today, with stocks falling immediately. In Japan, the Nikkei index is down more than 8 percent since the opening. Although it recovered slightly, it still closed 6.5 percent lower. The Topix index, which covers a wide range of stocks, also lost 6.5 percent. In China, which just opened after a long holiday, the Shanghai Composite Index fell 6.7 percent, and the CSI300, a group of leading stocks, fell 7.5 percent. Hong Kong was hit the hardest, with the Hang Seng Index down more than 12 percent. Tech giants Alibaba and Tencent plunged 14 percent and 10 percent, respectively.

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