The Asian stock fell during a trading session on Wednesday after the latest collection of President Donald Trump’s latest sanctions on China came into force, helping to erase limited benefits on Tuesday and add flare up weeks for the world’s main index.
Trump’s new steps to increase the cumulative tariff level on Chinese goods to 104% -Steps to meet more criticism in Beijing, where officials warn that China is ready to fight to be extended if forced to do so.
The latest rates come into force with the market -the main Asia markets are already open. In Japan, the Nikkei index fell more than 5% in response, while the more extensive Topix index fell 4.6%. Nikkei closed 3.93% and Takix dropped 3.4%.
Stocks in Taiwan fell more than 5.7%, STI Singapore index slipped 2.4%, South Korean Kospi Index lost 1.8%, S Australia S Australia& P/ASX 200 lost 1.8% and India Nifty 50 fell 0.4%.
In China, the Hang Kong Hang Sen index slipped 0.4%. The SSE Shanghai Shanghai Composite Index which has fewer international investors and is supported by state-owned investors known as the “national team” -UPPING 1.1% profit despite the new tariff. Composite SE Shenzhen rose 2.2%.
Shipping containers are seen at the Jersey Port Container Terminal, with Manhattan Horizon in the distance, at Jersey City, New Jersey, April 8, 2025.
Charly Triballeau/AFP via Getty Images
In Europe, the main index was dropped at the opening.
FTSE 100 Britain fell 2.2%, the German DAX index fell 2.3%, CAC 40 France fell 2.4%and the IBEX Spanish index fell 2%. The Pan-European Stoxx index fell 2.6%.
The US Stock Market Futures indicates a sustainable uncertainty, although the White House is glowing the possibility of an agreement with as many as 70 countries trying to avoid the impact of the Trump tariff campaign.
Dow Jones Futures rose 0.01% on Wednesday morning, with s& P 500 Futures down 0.02% and Nasdaq has a futures up 0.26%.
United States shares closed lower on Tuesday, marking the large reversal of the general meeting that sent s& P 500 and Nasdaq rose more than 4% on the previous day.
Dow Jones Industrial Average closed down 320 points, or 0.8%, while Nasdaq dropped 2.1%.
S& P 500 fell 1.5%, put index on the bear market threshold, a term that shows a decrease of 20% from the previous peak.
Lower steps on Tuesday continue the accent that stretches back to the announcement of Trump tariffs last week. Since then, S.& P 500 and Nasdaq each fell more than 12%.
A pedestrian is reflected in an electronic screen that features a graph that shows the average movement of the new Nikkei shares outside the broker in Tokyo, Japan, on April 9, 2025.
Issei Kato/Reuters
ABC News’ Max Zahn contributes to this report.