S&P/ASX 200 drops more than 6% after open, Asia looking grim

Stock indexes are falling. (Image: Getty)

Mon, 07 Apr 2025

Australia’s S&P/ASX 200 index dropped more than 6% shortly after the open while the S&P/NZX 50 index had shed 3.6% as the global trade war took its toll. US President Donald Trump’s sweeping tariffs kicked off retaliatory measures, with China imposing 34% reciprocal tariffs. “This practice of the US is not in line with international trade rules, seriously undermines China's legitimate rights and interests, and is a typical unilateral bullying practice,” according to an English translation of a sta...

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