Asian Share Market: Wall Street fell due to Trump’s new tariffs, Asian stock markets suffering too

New Delhi| Asian stock markets once again recorded a decline. The latest set of tariffs imposed by the US led to a negative trend in the market. In fact, Donald Trump has announced a heavy duty of 104 percent on Chinese imports. Japan’s Nikkei 225 index initially fell by about 4 percent. Similarly, a decline was also seen in the markets of South Korea, New Zealand and Australia.

The American market also breathed a sigh of relief
Earlier in the U.S. on Tuesday, the S&P 500 dropped 1.6% after an early 4.1% lead was over. This brought it down nearly 19% from its record set in February. The Dow Jones Industrial Average also fell 0.8%, while the Nasdaq Composite saw a 2.1% drop. What will President Trump do with his trade war? Uncertainty still remains about this.

Nikkei 225 in Tokyo falls by more than 3.9 percent
The increased tariffs are to come into effect from midnight. As such, shares rose globally after falling in Asia, with indices climbing 6 percent in Tokyo, 2.5 percent in Paris and 1.6 percent in Shanghai. Nikkei 225 in Tokyo fell by more than 3.9 percent and then it stabilized. It dropped 3.5 percent to 31,847.40 about an hour after the market opened.

Condition of South Korea, Australia and New Zealand
South Korea’s Kospi fell 1 percent to 2,315.27, while Australia’s S&P/ASX 200 fell two percent to 7,359.30. Shares also fell in New Zealand.