Asia-Pacific stocks extend declines as Trump tariffs roil global markets

Asia-Pacific stocks extend declines as Trump tariffs roil global markets


© Marco Bottigelli | Moment | Getty Images

Asia-Pacific markets extended declines on Friday, tracking steep losses on Wall Street after U.S. President Donald Trump’s tariffs rattled global markets.

Australia’s S&P/ASX 200 fell 1.06%.

Japan’s Nikkei 225 fell 1.84% while the Topix declined 2.35%. South Korea’s Kospi lost 1.15% and the small-cap Kosdaq traded 0.68% lower.

Hong Kong and China markets are closed for the Qingming Festival.

A verdict by South Korea’s Constitutional Court to remove impeached President Yoon Suk Yeol is expected later Friday. Should he be removed from office, it will trigger a 60-day countdown where an election must be held to select the next president.

On Wednesday, Trump unveiled reciprocal tariff rates that over 180 countries and territories will face, raising the risk of a global trade war.

U.S. futures fell after Trump’s tariffs led to the largest decline in U.S. equities in five years.

Futures tied to the blue-chip index lost 100 points, or 0.3%, after the 30-stock average tumbled more than 1,600 points in the prior session. S&P 500 futures and Nasdaq 100 futures each shed 0.2%.

Overnight in the U.S., the three major averages plummeted. The S&P 500 slid back into correction territory, dropping 4.84% to 5,396.52. The Dow Jones Industrial Average tumbled 1,679.39 points, or 3.98%, to close at 40,545.93 and the Nasdaq Composite fell 5.97% to end at 16,550.61, logging its biggest decline since March 2020. 

CNBC’s Brian Evans, John Melloy and Pia Singh contributed to this report.



Source

I’ve worked with over 1,000 kids—if you want your child to trust you, do 6 things
World

I’ve worked with over 1,000 kids—if you want your child to trust you, do 6 things

Parents want their kids to trust them. They want to be the first person their child turns to with the big stuff, the hard stuff, and the exciting stuff. They want their kids to feel safe enough to ask questions and share emotions. But none of that happens automatically, and trust doesn’t come from simply […]

Read More
Top Wall Street analysts prefer these dividend stocks for consistent returns
World

Top Wall Street analysts prefer these dividend stocks for consistent returns

The Home Depot logo is displayed outside a store on March 10, 2025 in San Diego, California. Kevin Carter | Getty Images Earnings of major U.S. companies and the uncertainty around tariffs continued to impact investor sentiment this week. While the stock market remains volatile, investors seeking consistent returns could add some attractive dividend stocks […]

Read More
Berkshire has been selling a top healthcare holding it’s owned for over a decade. Here’s why
World

Berkshire has been selling a top healthcare holding it’s owned for over a decade. Here’s why

Berkshire Hathaway resumed selling shares of DaVita , a provider of kidney dialysis services, after the holding more than quadrupled in price. A new regulatory filing this week revealed that Berkshire sold another 200,010 shares of DaVita through multiple transactions between May 22-27. Berkshire remains DaVita’s biggest institutional investor with a 42.3% stake, according to […]

Read More