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Asian shares sink, with Japans Nikkei down 5.6% as China-US trade war escalates
Trader Jonathan Mueller works on the floor of the New York Stock Exchange, Thursday, April 10, 2025. (AP Photo/Richard Drew)2025-04-11T01:13:15Z Asian shares sank Friday in early trading after U.S. stocks surrendered a chunk of their historic gains from the day before. The deepening worries over President Donald Trump s trade war helped pull Japans Nikkei 225 share index down 5.6%. Shares also fell in South Korea and Australia in early trading Friday. On Thursday, the S&P 500 tumbled 3.5%, slicing into Wednesdays surge of 9.5% following Trumps decision to pause many of his tariffs worldwide. The Dow Jones Industrial Average dropped 1,014 points, or 2.5%, and the Nasdaq composite tumbled 4.3%. China announced more countermeasures against the United States and losses for U.S. stocks accelerated after the White House clarified that the United States will tax Chinese imports at 145%, not the 125% rate that Trump had written about in his posting on Truth Social Wednesday, once other previously announced tariffs were included. The drop for the S&P 500 exceeded 6% at one point. RSShttps://feedx.net https://feedx.site
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