Mounting fears of global recession hit banks in Asia

Japanese lenders fall sharply on declining hopes of BOJ policy normalization

20250407 Asian Banks

Shares in Asian banks have been severely hit by growing fears of a global recession. (Source photos by Nanami Sato, Takaki Kashiwabara, Nozomu Ogawa, Reuters)

MITSURU OBE, KENJI KAWASE, KIM JAEWON and TSUBASA SURUGA

TOKYO/SEOUL/SINGAPORE -- Bank stocks led the sell-off in Asia on Monday, as fears intensified of a global recession in the wake of the sweeping tariffs introduced by U.S. President Donald Trump.

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