Stock markets slide around the world as Trump’s tariffs rattle investor confidence
1 month, 3 weeks ago

Stock markets slide around the world as Trump’s tariffs rattle investor confidence

CNN  

Hong Kong/London CNN — Stock markets in Asia and Europe slumped Monday after Donald Trump slapped tariffs on Canada, Mexico and China, sparking fears over another bruising ‘America First’ trade war that could hit global economic growth. Japan’s Nikkei stock index closed 2.7% lower and South Korea’s KOSPI was 2.5% down at market close. On Sunday evening, Trump also threatened to enact additional tariffs on the European Union, accusing the EU of being “really out of line.” Europe’s benchmark Stoxx Europe 600 index was 1.4% lower on Monday morning. “For the moment it looks like the dollar is the only winner,” said Chris Beauchamp, chief market analyst at IG, an online trading provider.

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