MercoPress. South Atlantic News Agency

Early dawn stock markets show significant declines

Australia's and most Asian stock markets experienced significant declines early Monday amid the global tariff war triggered by U.S. President Donald Trump. The Hang Seng Index in Hong Kong dropped 9.1% to 20,778.10, with a peak intraday fall of 10.2%, marking its worst day in over a year. Across the Asia-Pacific, 11 of 14 equity markets hit 52-week lows. In mainland China, the CSI 300 Index fell by 7.6%, while the Shanghai and Shenzhen Composite Indexes dropped by 7.4% and 9.8%, respectively. Japan’s Topix and Nikkei indexes also slumped, by 9.6% and 6.5%, respectively. Read full article