Nikkei slumps as Asian markets brace for further tariff fallout; Trump says ‘sometimes you have to take medicine’ – business live

Japan’s Nikkei plunged over 7% due to concerns about Trump’s tariffs following a nearly $5tn loss in global stock markets last week. The US market suffered significantly, with the S&P 500 experiencing its largest weekly decline since March 2020 and the Nasdaq Composite entering bear market territory after dropping over 20% from its December peak.

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