Stock Markets have fallen sharply in Asia overnight as the world continues to react to the tariff’s imposed by America last week
Overnight Japan’s Nikkei plunging around 6 percent and Hong Kong’s Hang Seng down more than 13 percent, its worst day in 30 years
European markets have also fallen
The FTSE 100 has closed down by 4.4 per cent, after a nearly 5 per cent fall on Friday.
Germany’s Dax index slid by as much as 10 per cent this morning, while France’s Cac 40 decreased by about 6 per cent. The Stoxx 600 index, which tracks the average performance of all European stocks, slid by 6 per cent
On the other side of the Atlantic,The Dow Jones 30 Industrials Average was down 2.19 per cent after opening down 3.57 per cent.
Oil prices have also fallen to their lowest level in four years on fears that demand will fall as a global recession hits
The prime minister said that the UK had to “rise together as a nation” in the face of a new era of global instability adding that now is a moment for “cool heads” as global markets plunged
Donald Trump told reporters on Sunday evening . “I don’t want anything to go down, but sometimes you have to take medicine to fix something,” as he boarded Air Force One
This afternoon Trump said in a Truth Social post that he would impose further tariffs of 50 per cent on China from April 9th if they did not rescind the retaliatory tariffs they placed on US goods
