European stock markets opened with steep losses, mirroring a wave of sell-offs across Asia. 

Germany’s DAX index plunged nearly 10% in early trading before clawing back some ground, while London’s FTSE 100 dropped close to 6%.

In Asia, Hong Kong’s Hang Seng index ended the day with a staggering 13.22% fall — marking its sharpest single-day decline since the Asian financial crisis in 1997.

US futures also pointed to significant losses, suggesting Wall Street could face heavy declines once trading begins.

These global market jitters come in the wake of President Donald Trump’s decision to impose broad tariffs on goods entering the United States. 

Speaking aboard Air Force One, Trump defended the move, saying, “Sometimes you have to take medicine to fix something,” according to our correspondent Bernd Debusmann Jr., who was traveling with the president.

Source: BBC 

BDST: 1444 HRS, APR 07, 2025
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