Japan stocks slump nearly 4% as fresh Trump tariffs due this week keep investors jittery

Japan stocks slump nearly 4% as fresh Trump tariffs due this week keep investors jittery


Japan will start offering digital nomad visas at the end of March, according to The Japan Times.

Witthaya Prasongsin | Moment | Getty Images

Asia-Pacific markets plunged Monday ahead of U.S. President Donald Trump’s fresh round of tariffs expected later in the week.

Japan’s benchmark Nikkei 225 started the day 3.9% lower while the broader Topix index lost 3.7%.

Over in South Korea, the Kospi index fell 2.4% while the small-cap Kosdaq declined 2.32%.

Australia’s S&P/ASX 200 was down 1.44%.

Futures for Hong Kong’s Hang Seng index last traded at 23,284 pointing to a weaker open compared to the HSI’s close of 23,426.60.

U.S. futures slipped as investors await clarity on Trump’s tariff plans.

Stocks had sold off sharply last Friday, amid growing uncertainty on U.S. trade policy and a bleak inflation outlook.

The Dow Jones Industrial Average closed down 715.80 points, or 1.69%, at 41,583.90. The S&P 500 shed 1.97% to 5,580.94, ending the week down for the fifth time in the last six weeks. The Nasdaq Composite plunged 2.7% to settle at 17,322.99.

Shares of several technology giants dropped, putting pressure on the broader market. Google-parent Alphabet lost 4.9%, while Meta and Amazon each shed 4.3%.

— CNBC’s Pia Singh and Sarah Min contributed to this report.



Source

Nine of the largest pharma companies ink deals with Trump to lower drug prices
World

Nine of the largest pharma companies ink deals with Trump to lower drug prices

President Donald Trump signs an executive order aimed at reducing the cost of prescription drugs and pharmaceuticals by 30% to 80% during an event in the Roosevelt Room of the White House on May 12, 2025, in Washington, DC. Andrew Harnik | Getty Images Several of the largest U.S. and European-based drugmakers inked deals with […]

Read More
Google’s boomerang year: 20% of AI software engineers hired in 2025 were ex-employees
World

Google’s boomerang year: 20% of AI software engineers hired in 2025 were ex-employees

Sundar Pichai, chief executive officer of Alphabet Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Wednesday, June 4, 2025. David Paul Morris | Bloomberg | Getty Images With the AI talent wars heating up between companies like OpenAI, Meta and Anthropic, one way Google has been competing is by aggressively rehiring […]

Read More
Claire’s new owner Ames Watson feuds with Asia-based suppliers over millions in unpaid debt
World

Claire’s new owner Ames Watson feuds with Asia-based suppliers over millions in unpaid debt

Chris Ratcliffe | Bloomberg | Getty Images Tween retailer Claire’s is facing legal challenges from some of its Asia-based suppliers over millions in unpaid debts as it tries to emerge from a second bankruptcy under new ownership, according to claims the suppliers filed in Hong Kong.  The clash with vendors comes as private equity firm […]

Read More