The article reports a significant downturn in stock markets across Asia, ignited by China's retaliation against recent US tariffs imposed by Donald Trump. Major indices such as Singapore's Straits Times Index dropped 7.37%, Taiwan's Taiex plummeted 9.8%, and Hong Kong's Hang Seng Index fell by 9.3%. The Shanghai Composite Index in mainland China also declined by 4.4%. Furthermore, India's Nifty 50 index saw a decrease of over 3.5% as apprehensions about a potential trade war weighed heavily on investor sentiment.
Stocks across Asia plummeted due to fears of a global trade war after China retaliated against US tariffs, causing significant drops in major indices.
The Straits Times Index in Singapore fell 7.37%, while Taiwan's Taiex plunged 9.8% and Hong Kong's Hang Seng Index dropped 9.3%, highlighting widespread market panic.
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