MarketsTrade war sinks Asia stocks; Hong Kong sees biggest drop since 1997
Sell-off spreads; Japan's Nikkei futures and Taiwan's TAIEX fall 9% at one point
A man walks past a stock quotation board displaying the Nikkei share average outside a brokerage in Tokyo on April 7. (Photo by Yuji Murakami)
LISA KIM and JADA NAGUMO
April 7, 2025 09:39 JST
Updated on April 7, 2025 18:49 JST
TOKYO -- Asia-Pacific stocks fell sharply on Monday, led by massive losses in Hong Kong, amid a global market rout caused by an intensifying trade war initiated by the U.S., reminding some traders of a similar slide at the outset of the COVID-19 pandemic.