
Asian stock markets experienced significant declines on Tuesday, mirroring a sell-off on Wall Street triggered by concerns over U.S. President Donald Trump's tariff policies. Investors are increasingly worried about the potential for a global trade war and its impact on U.S. economic growth, which could lead to a recession. The downturn in Asian markets was widespread, with Japan's Nikkei 225 falling 1.7%, Australia's S&P/ASX 200 losing 0.9%, South Korea's Kospi declining 1.5%, Hong Kong's Hang Seng slipping 0.9%, and the Shanghai Composite losing 0.4%. The sell-off was fueled by disappointing economic data from Japan, which revised its October-December growth rate to an annual rate of 2.2%, and heightened anxiety over both existing and incoming U.S. tariffs, as well as retaliatory measures from trading partners. In Seoul, the Korea Composite Stock Price Index (KOSPI) dropped 1.28%, closing at 2,537.60. This decline was attributed to overnight losses on Wall Street, where the S&P 500 fell 2.7%, the Dow Jones Industrial Average dropped 2.08%, and the Nasdaq plunged 4%. The local currency in South Korea also weakened against the U.S. dollar.
(LEAD) Seoul shares dip over 1 pct on Trump tariff threats https://t.co/CsBAwhtdn9
Asian stocks fell sharply on Tuesday as a market selloff extended on mounting worries that a wide-ranging trade war could dent U.S. economic growth and lead to a recession. https://t.co/lim8oHWQYr
Markets across Asia had a rough day, with major indexes falling as investors reacted to economic uncertainty, particularly on Wall Street https://t.co/Ucz3z0ZrUF