Hong Kong CNN —
Asian markets plunged on Monday, deepening a global stocks rout triggered by US President Donald Trump’s trade war.
Japan’s benchmark Nikkei fell by more than 8% shortly after opening. 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 7.5% lower, recovering from its steepest losses.
Japanese Prime Minister Shigeru Ishiba said on Monday the government will continue to ask President Trump to lower tariffs
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