Asian markets plunge as Japan’s Nikkei 225 index dives nearly 8% after the big meltdown on Wall St

Japan’s share benchmark nosedived on Monday after the meltdown Friday on Wall Street over U.S. President Donald Trump‘s tariff hikes.

Tokyo’s Nikkei 225 index misplaced almost 8% shortly after the market opened and Australia’s S&P/ASX 200 tumbled greater than 6%.

South Korea’s Kospi misplaced 4.4%.

U.S. futures signaled additional weak point. The longer term for the S&P 500 misplaced 4.2% whereas that for the Dow Jones Industrial Average shed 3.5%. The longer term for the Nasdaq misplaced 5.3%.

On Friday, Wall Road’s worst disaster since COVID slammed into a better gear. The S&P 500 plummeted 6% and the Dow plunged 5.5%. The Nasdaq composite dropped 5.8%.

The losses got here after China matched President Donald Trump’s huge elevate in tariffs introduced earlier this week.