Nikkei, Hang Seng & Other Asian Markets Suffer As Trump's Tariff War Rages On

The Indian markets once again dipped in value, as the value of the marquee indices dropped on Monday, February 3. Sensex and Nifty were not alone, as the other major Asian indices also dipped in value.

This is largely attributed to the tranche of global uncertainty unleashed by US President Donald Trump and his tariffs against Mexico, Canada and China.

In addition, Trump has also threatened possible tariffs against the United Kingdom and the European Union.

Nikkei 225

The Asian retrograde is best exemplified by Nikkei 225, the marquee Japanese index. Nikkei lost value by 2.63 per cent or 1,039.23 points.

This took the overall value of the index to 38,533.26 points.

TOPIX

Another key index listed on the Tokyo exchange, TOPIX also dropped in value.

The TOPIX index slumped by a colossal 2.37 per cent or 66.22 points. This took the overall value of the index to 2,722.44 points.

When we look at China, nation that has been hit by tariffs of 10 per cent, the indices in the Land of Dragon also slipped in value. However, the ferocity of the decline is not as much as with the aforementioned Japanese indices.

Hang Seng Index

The Chinese markets are on a nearly week long holiday on account of the Chinese lunar year.

On the last day of trading before the hiatus, Hong Kong-based Hang Seng index slipped by 0.45 per cent or 91.99 points.

This took the overall value of the index to 20,133.12 points.

CSI 500 INDEX

When we go to mainland China, the SSE Composite index declined in value by just under 0.062 per cent, marking only a marginal difference.

However, the same cannot be said about the CSI composite index, which slumped majorly.

The index dropped in value by 1.07 per cent or 60.61 points. This took the overall value of the index to 5,589.34 points.

KOSPI

South Korea, one of United States' major allies, also saw its equity market suffer.

The index lost a mammoth 2.54 per cent or 64.04 points worth its value. This brought the overall value to 2,453.33 points.