Asian stocks bleed after Trump tariff announcement, Nifty futures down by 0.83%

Asian stock markets tumbled on Monday as President Trump's surprise tariff announcement sent shockwaves through global financial markets. The US imposed a 25% tariff on imports from Canada and Mexico, along with a 10% tariff on Chinese goods, sparking fears of a potential trade war. Japan's Nikkei 225 fell over 2.27%, while Hong Kong's Hang Seng dropped 2.07% in the morning trade. Indian markets also felt the impact, with Nifty futures down 0.83%. Investors rushed to safe-haven assets as concerns mounted over the tariffs' potential to slow global trade and disrupt supply chains.

Source: The Print