The recent announcement of tariff policies by former President Donald Trump has significantly impacted global financial markets, including key indices in Asia. On February 3rd, the Nikkei 225 index in Japan registered a steep decline, plummeting by 1052.40 points, which translates to a 2.66% decrease, ultimately closing at 38520.09 points. This downturn reflects rising investor apprehension regarding economic stability in light of changing trade regulations.
In South Korea, the KOSPI index also felt the repercussions, falling by 64.04 points or 2.54%, resulting in a final tally of 2453.33 points. These declines are a clear indication of how geopolitical events can trigger widespread market volatility, raising concerns for investors and analysts alike, who are closely monitoring these developments. Staying informed on such market shifts is essential for making prudent investment decisions.