Asian Stocks Decline After Tariffs Spark US Rout: Markets Wrap
This content was published on March 4, 2025 - 01:19 (Bloomberg) — Asian stocks fell Tuesday, tracking US shares lower as President Donald Trump’s pledge to impose tariffs on trading partners raised the spectre of a trade war hitting global economic growth.Tokyo and Sydney shares were down, with futures showing equity benchmarks in Hong Kong to open lower Tuesday. The S&P 500 declined almost 2% as the US president said Mexico and Canada couldn’t negotiate a reprieve from tariffs set to take effect Tuesday and signed an order doubling a...