Nikkei 225: Asian markets plunge as Trump’s global price disorders are deepening

Hong Kong
Cnn
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Asian markets plunged on Monday, deepening a global rout of actions launched by the trade war of US President Donald Trump.

Japan Nikkei’s reference fell by more than 8% shortly after opening. The average of the actions, which follows 225 of the most precious companies in the country, fell below the level of 33,000 for the first time since August 2024, according to Reuters. The wider Topix index exchanged more than 7.5% lower, recovering from its most steep losses.

Japanese Prime Minister Shigeru Ishiba said on Monday that the government would continue to ask President Trump to reduce prices against Japan, but that the results have recognized “will not come overnight,” said Reuters.

“As such, the government must take all the means available” to cushion the economic blow of American prices, such as providing support for financing to national companies and taking measures to protect jobs, reportedly said Ishiba in Parliament. Trump on Wednesday imposed a price of 24% across Japan, an ally of the defense treaty, which is expected to come into force later this week.

Asian markets follow the worst two -day section for Wall Street’s actions in five years. US stock contracts plunged on Sunday evening after two sales sessions that suffered more than 5.4 billions of dollars of market value.

Global investors have rejected the massive pricing regime of President Trump, some of which entered into force on Saturday morning and even larger prices are expected to be launched on Wednesday. China retaliated fiercely on Friday, imposing a rate of 34% on all American goods, which raises fears of climbing and damaging the trade war.

Trump told journalists on Sunday evening on the Air Force One that he does not intentionally crash, but refused to predict how the markets would be negotiated in the future.

“What will happen with the market? I can’t tell you,” said Trump. “But I can tell you that our country has become much stronger, and ultimately it will be a country like no other.”