ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Asian stocks plummet as Trump steps up China trade war

Nikkei index drops 500 points while regional benchmarks fall across board

A screen shows the Nikkei average plunging on Aug. 2. (Photo by Kai Fujii)

TOKYO -- Stock markets across Asia tumbled in early trading on Friday after U.S. President Donald Trump announced a fourth round of tariffs on Chinese goods.

Tokyo's Nikkei Stock Average was down more than 500 points, hovering at around 21,000. Foreign hedge funds among other investors rushed to sell due to concerns about the prolonged U.S.-China trade row.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more