Global stock markets experienced a significant downturn on Monday following the imposition of tariffs by US President Donald Trump on Canada, Mexico, and China. This move has reignited concerns about a potential trade war and its impact on the global economy.
Stock markets in Asia and Europe reacted swiftly to the news, with Japan's Nikkei index closing 2.7% lower and South Korea's KOSPI dropping by 2.5%. Hong Kong's Hang Seng remained relatively stable, while China's markets were closed for the Lunar New Year holiday.