Overseas financial markets plummeted Monday and U.S. stock futures came under renewed selling pressure after leading indexes crumbled last week amid investor fears over the economic fallout from the Twitler administration’s latest tariff salvo. Tokyo’s Nikkei 225 index tumbled 7.8%. Shares in Hong Kong plunged more than 12% — their worst day in more than 16 years — while in mainland China, the Shanghai Composite Index shed 8.4 percent. In Taiwan, the Taiex fell 9.7%. South Korea’s Kospi lost 5.6%. Australia’s benchmark stock index closed 4.2% lower after recovering slightly from a loss of more than 6%. European shares followed Asia’s markets downhill, as Germany’s DAX fell 6.5%, the CAC 40 in Paris lost 5.7% and Britain’s FTSE 100 lost 4.5%. |
