Global Markets Bleed: Which Country Took The Biggest Hit Amid Trump’s Tariff War, How India Fared? – News18
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Global stock markets plunged due to rising economic uncertainty, trade tensions, and US recession fears from Trump’s tariffs.
Black Monday 2.0: Trump tariffs trigger panic selling globally.
Stock Market Crash Today: The rising macroeconomic uncertainty, escalation of trade tensions, and fears of a US recession, driven by President Donald Trump’s extensive tariffs on various nations, have shaken stock markets globally. Major indices around the world have dipped into negative territory, with Hong Kong’s Hang Seng index experiencing the most significant fallout.
Indian benchmark indices, including the Sensex and Nifty, were heavily impacted by the global market downturn, with intraday declines of up to 4 percent.
Taiwan, Japan Follow Hong Kong
The effects across Asia have been particularly severe. Taiwan (-9.6%) and Japan (-9.5%) followed closely behind Hong Kong, largely due to their heavy dependence on global trade and tech exports. With Trump’s renewed focus on import duties, especially on semiconductors and electronics—industries dominated by these two economies—investor sentiment has significantly soured.
Singapore (-8%), another trade-dependent economy, also experienced substantial selling. Despite China’s attempts at economic stimulus, it saw a 7% drop, highlighting persistent concerns about its slowing economy and ongoing tensions with the U.S.
Europe Is Reeling
Europe is also feeling the strain. Italy (-8.4%), Germany (-6.8%), and France (-6.1%) encountered significant declines amid fears that Trump’s tariffs could rekindle a trade war with the EU. Export-heavy economies like Germany, already struggling with supply chain disruptions and industrial slowdowns, face renewed uncertainty.
The UK (-5.2%), Netherlands (-6.2%), Spain (-6.4%), and Sweden (-7%) also recorded notable declines, emphasizing widespread investor anxiety across the continent.
Outside Asia And Europe
Outside Asia and Europe, markets in Australia (-6.2%), Switzerland (-7%), and Malaysia (-4.5%) showed signs of contagion. Russia (-3.8%), Saudi Arabia (-3.3%), and Turkey (-2.8%) experienced relatively smaller corrections, but experts caution that no economy is immune if trade tensions escalate further.
