Archive: https://archive.is/2025.04.07-033221/https://www.bloomberg.com/news/articles/2025-04-07/asian-stock-benchmarks-drops-most-in-14-years-on-tariff-concerns

Stocks in Asia slumped, with a key benchmark sliding by the most in 14 years, as Chinese shares led a broad and deep selloff on worry over the trade war’s impact on the global economy.

The MSCI Asia Pacific Index fell as much as 6.8%, the most since March 2011, with TSMC, Tencent and Sony among the biggest drags. Hong Kong’s Hang Seng Indexplunged as much as 10%, the most in about 17 years. Every market was solidly in the red.

President Donald Trump dug in his heels after the tariffs he announced last week spurred retaliation by China. The biggest concern is that if nothing is done to de-escalate the situation, economies around the world could slide into recession.