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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Stock market today: Asian shares skid, hit by AI doubts and Trump tariff hikes

Asia United States Donald Trump Economy Warren Buffett Hong Kong Inflation Japan Nvidia South Korea
Japan Financial Markets - (Copyright 2025 The Associated Press. All rights reserved)

Shares retreated Friday in Asia, with benchmarks in Japan, Hong Kong and South Korea falling more than 2% after Wall Street indexes fell sharply on doubts over the frenzy around artificial-intelligence technology.

President Donald Trump ’s decision to push ahead with 25% tariffs on imports from Mexico and Canada and to double tariffs on Chinese products to 20% also left investors reeling.

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