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GLOBAL MARKETS-Stocks Slump as US Tariffs Hit Tech Hardest

April 03, 2025, 09.29 AM | Source: Reuters
GLOBAL MARKETS-Stocks Slump as US Tariffs Hit Tech Hardest

ILUSTRASI. Asia hit hard with new US tariffs with gold at record high, yen jumps, bonds rally on Thursday

GLOBAL MARKET - SINGAPORE. Stocks dived and investors scrambled to the safety of bonds, gold and the yen on Thursday as U.S. President Donald Trump unveiled a bigger-than-expected wall of tariffs around the world's largest economy, upending trade and supply chains.

The high-flying tech sector was pummelled as manufacturing hubs in China and Taiwan faced new tariffs above 30%, bringing the total new levy to an eye-watering 54% on imports from China.

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