Equities savaged as China retaliation to Trump tariffs fans trade war

Bears are on the prowl across the world's bourses. (Image: Getty)

Mon, 07 Apr 2025

Asian markets collapsed on Monday after China hammered the United States with its own hefty tariffs, ramping up a trade war that many fear could spark a recession.Trading floors were overcome by a wave of selling as investors fled to the hills on the worst day for equities since the pandemic, with Hong Kong shedding more than 10%, Tokyo diving 8%, and Taipei more than 9%.Futures for Wall Street's markets were also taking another hammering, while concerns about the impact on demand also saw commodities slump.Donald Trump sparked a market mel...

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