Trump tariffs live: Asian markets open in red for second day over global trade war

Asia-Pacific markets opened lower for a second day due to US President Donald Trump’s tariffs, with Japan’s Nikkei falling 1.85% and Australia’s S&P/ASX 200 dropping to an eight-month low. S&P 500 companies lost $2.4 trillion in market value, the largest drop since March 2020, while UK Prime Minister Keir Starmer warned of a new era of global trade war following Trump’s tariffs. The FTSE 100 also hit its lowest level since mid-January, signaling further market turmoil ahead.

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