Asian markets plunge further amid tariff fallout; Trump says 'sometimes you have to take medicine' – business live

From 1h ago 20.57 EDT Nikkei plunge nears 9% as Japanese bank stocks plummet Japan's Nikkei share average tumbled nearly 9% early on Monday, while an index of Japanese bank stocks plunged as much as 17%, as concerns over a tariff-induced global recession continue to rip through markets. The Nikkei dropped as much as 8.8% to hit 30,792.74 for the first time since October 2023. The index was trading down 7.3% at 31,318.79, as of 0034 GMT, Reuters reports. All 225 component stocks of the index were trading in the red. The broader Topix sank 8% to 2,284.69. A topix…