This is CNBC’s live blog covering Asia-Pacific markets.
Asia-Pacific markets plunged Monday ahead of U.S. President Donald Trump’s fresh round of tariffs expected later in the week.
Japan’s benchmark Nikkei 225 started the day 3.9% lower while the broader Topix index lost 3.7%.
Over in South Korea, the Kospi index fell 2.4% while the small-cap Kosdaq declined 2.32%.
Australia’s S&P/ASX 200 was down 1.44%.
Futures for Hong Kong’s Hang Seng index last traded at 23,284 pointing to a weaker open compared to the HSI’s close of 23,426.60.
U.S. futures slipped as investors await clarity on Trump’s tariff plans.
Stocks had sold off sharply last Friday, amid growing uncertainty on U.S. trade policy and a bleak inflation outlook.
The Dow Jones Industrial Average closed down 715.80 points, or 1.69%, at 41,583.90. The S&P 500 shed 1.97% to 5,580.94, ending the week down for the fifth time in the last six weeks. The Nasdaq Composite plunged 2.7% to settle at 17,322.99.
Shares of several technology giants dropped, putting pressure on the broader market. Google-parent Alphabet lost 4.9%, while Meta and Amazon each shed 4.3%.
— CNBC’s Pia Singh and Sarah Min contributed to this report.
Japan’s Nikkei 225 plunges over 4% as Trump tariffs fuel risk-off mood
Japanese stocks slumped Monday as worries over U.S. President Donald Trump’s Fresh round of tariffs fueled a wider sell-off in Asia markets.
The benchmark Nikkei 225 was down 4.14% as of 9.22 a.m. local time. The small-cap Kosdaq was down 3.7%
Losses in the Nikkei, which fell below 36,000 for then first time since March 11, were led by the energy, utilities and healthcare sectors, data from LSEG shows.
Among the worst performing stocks was Advantest Corp which plunged 5.51%, Tokyo Electron which lost 5.2% and Fujikura which fell 5.17%.
Meanwhile, the broad-based Topix index was down 3.29%.
— Amala Balakrishner
