Asian stock markets suffered significant declines on Monday following the implementation of tariffs by US President Donald Trump, with Hong Kong’s Hang Seng index experiencing its most substantial drop since the 1997 Asian financial crisis. Simultaneously, European trade ministers convened in Luxembourg, seeking a negotiated resolution while preparing measures to retaliate against the tariffs.

Source: https://www.france24.com/en/tv-shows/business/20250407-markets-plunge-as-trump-tariffs-threaten-global-trade-system