· Stocks in Europe open sharply lower Friday morning after President Donald Trump announced upcoming tariffs on steel and aluminum, raising fears of a potential trade war.
The pan-European Stoxx 600 was 0.7 percent off with every sector in negative territory.
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· Stock markets in Asia extended Wall Street’s overnight rout on Friday, with investors spooked by the specter of a global trade war after President Donald Trump said the United States would impose hefty tariffs on imported steel and aluminum.
MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.9 percent, while Japan’s Nikkei tumbled 2.5 percent. For the week, they are down 2.1 percent and 3.3 percent respectively.
· Japan’s Nikkei share average fell to a 2-1/2-week low on Friday, with steelmakers and automakers taking a battering after President Donald Trump said the United States would impose import tariffs on steel and aluminum. Investors also got a jolt on comments from Bank of Japan Governor Haruhiko Kuroda that the central bank will consider an exit from easy policy if its inflation target is achieved during fiscal 2019.
The Nikkei ended 2.5 percent lower to 21,181.64 points, the lowest closing level since Feb. 14. The index dropped 3.2 percent this week.
· China stocks fell on Friday, weighed down by steel and aluminium makers after U.S. President Donald Trump announced hefty tariffs on import of the metals, sparking concerns of a global trade war.
The blue-chip CSI300 index fell 0.8 percent to 4,016.46 points, while the Shanghai Composite Index lost 0.6 percent to 3,254.53.
Reference: Reuters, CNBC
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