Trade war worries cause Asian markets to plunge; U.S. stocks end lower on tariff news

From Nasdaq: 2025-02-02 21:32:31

Investors brace for volatility in Indian shares due to U.S. tariffs on Mexico, Canada, and China. Asian markets plunge, with indexes in Australia, New Zealand, South Korea, Hong Kong, and Japan falling around 2 percent. Dollar index surges, gold slips from record levels, and oil prices climb amid concerns of disruptions in supply chains.

U.S. stocks end lower on Friday after White House confirms tariffs on Canadian, Mexican, and Chinese imports. Dow, S&P 500, and Nasdaq all see declines. European stocks close higher despite profit-taking, with STOXX 600, DAX, CAC 40, and FTSE 100 all showing gains. Market reacts to earnings releases.



Read more at Nasdaq: Sensex, Nifty Likely To See Gap-down Opening As Trade War Worries Mount