Nikkei plunges 5.4%, and other Asian markets reverse many of Thursday’s gains after a historic rally following the US president’s tariffs reprieve
Japan’s Nikkei has now tumbled more than 5%, while gold hit another record high as continuing tariff jitters hit Asian stocks in early trade on Friday.
The Nikkei 225 benchmark index was off 5.4%, having jumped 9.1% on Thursday after Donald Trump’s 90-day tariff reprieve. Other markets also reversed many of the previous day’s gains, with South Korea’s Kospi in Seoul off 1.64% and, as just posted, Australia down more than 2%.
Oil and the dollar also slid on fears of a global slowdown in economic activity, while gold hit a new record. The yen – another safe-haven asset – also gained 0.9% against the US dollar on Friday.
Source: The Guardian
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