April 9, 2025

Asian Stocks Sink As Trump Tariffs Spark Global Recession Fears, Oil Prices Hit Four-Year Low

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Key Topics in this News Article:

Bank Bank of China China Chinese Currency Dollar Donald Trump Economy Europe Finance Gold Import Investment Japan New Zealand Oil Pacific poultry Renminbi stock market stocks Switzerland Taiwan Tokyo War

News Snapshot:

Asian Stocks Sink As Trump Tariffs Spark Global Recession Fears, Oil Prices Hit Four-Year Low Published By : Reuters Last Updated: April 09, 2025, 08:15 IST Stocks in Asia extended a slide on Wall Street on Wednesday as President Donald Trump looked set to press ahead with whopping 104% tariffs on Chinese goods, pummelling oil prices to four year lows as global recession fears gripped financial markets. Overnight, Washington confirmed 104% duties on imports from China would take effect after midnight on Wednesday. Stocks in Asia extended a slide on Wall Street on Wednesday as President Donald Trump looked set…

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Asian Stocks Sink As Trump Tariffs Spark Global Recession Fears, Oil Prices Hit Four-Year Low

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Stocks sink and oil prices rise as worries about AI, inflation, and possible war hit Wall Street