Japan's Nikkei 225 Index Dives Nearly 8% After The Big Meltdown On Wall St
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Japan's share benchmark has nosedived after the meltdown Friday on Wall Street.
BANGKOK (AP) — Asian shares nosedived on Monday after the meltdown Friday on Wall Street over U.S. President Donald Trump’s tariff hikes and the backlash from Beijing.
U.S. futures also signaled further weakness. The future for the S&P 500 lost 4.2% while that for the Dow Jones Industrial Average shed 3.5%. The future for the Nasdaq lost 5.3%.
Tokyo’s Nikkei 225 index lost nearly 8% shortly after the market opened. An hour later it was down 7.1% at 31,375.71.
South Korea’s Kospi lost 5.5% to 2,328.52, while Australia’s S&P/ASX 200 tumbled 6.3% to 7,184.70.
Oil prices sank further, with U.S. benchmark crude down 4%, or $2.50, at $59.49 per barrel. Brent crude, the international standard, gave up $2.25 to $63.33 a barrel.
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The military has razed homes, farmland and infrastructure around Gaza's border to the point of uninhabitability, potentially leading to long-term control.
Japan's share benchmark has nosedived after the meltdown Friday on Wall Street.
Palestinian health officials say Israeli strikes on the Gaza Strip killed at least 15 people overnight, including 10 women and children.
A video on the phone of one of 15 Palestinian medics killed by Israeli forces in Gaza shows that their emergency vehicles had their lights and sirens flashing when they came under a barrage of gunfire from troops.
The S&P 500 was down 3.8% in midday trading, after earlier dropping more than 5%, following its worst day since COVID wrecked the global economy in 2020.
South Korea’s Constitutional Court removed impeached President Yoon Suk Yeol from office on Friday.
Prime Minister Viktor Orbán denounced the only permanent global tribunal for war crimes and genocide, which issued the warrant for his Israeli ally.
Financial markets around the world have broadly been shaky lately because of uncertainty about Trump’s trade war.
Israel's defense minister said expanding operations will "crush and clean the area" of militants, despite children making up many of the strikes' victims.
The past month's total blockade has forced the World Food Program to prioritize giving its dwindling stock to starving Palestinians who need emergency food aid.
Magma began flowing at a volcano near the town of Grindavik.
The military order came during the Muslim holiday of Eid, and almost a year after Israel launched a devastating invasion of the city bordering Egypt.