Japan’s Nikkei plunges at least 8% after open
CNN
Japan’s benchmark Nikkei index plunged more than 8% on Monday, deepening a global stocks rout triggered by US President Donald Trump’s trade war.
Japan’s benchmark Nikkei index plunged more than 8% on Monday, deepening a global stocks rout triggered by US President Donald Trump’s trade war. The share average, which tracks 225 of the country’s most valuable companies, has fallen below the 33,000 level for the first time since August 2024, according to Reuters. The broader Topix index last traded more than 9% lower. This is a developing story and will be updated.
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Toys made in China have been exempt from tariffs since President Donald Trump’s first term. That is no longer the case.
Americans are rarely this pessimistic about the economy.
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Global markets are reeling over President Donald Trump’s haphazard approach to tariffs and an escalating trade war with China. Stocks have been volatile, and an unsettling shift has emerged in the bond market.
So, what happens now that President Donald Trump has art-of-the-dealed his way out of his own centerpiece economic initiative because it nearly broke financial markets?
Inflation slowed sharply in March, new data showed Thursday, underscoring the continued strength and resilience of the economy ahead of President Trump’s aggressive trade moves.
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CNN is tracking price trends for various household staples each month as new factors threaten to increase costs.