Asia’s key indexes tumbled in early trading on Monday as fears of a tariff-induced global recession continued to rip through markets. Japan’s benchmark Nikkei 225 index plunged nearly 9% in early trading on Monday, while South Korea’s Kospi index was halted for five minutes as stocks plummeted.
Despite his tariffs wiping $6tn off US stocks, Trump appeared nonchalant late Sunday, saying, “I don’t want anything to go down. But sometimes you have to take medicine to fix something.”
