Asia-Pacific markets fell on Wednesday as U.S. President Donald Trump’s country-specific tariffs comes into effect.
In Japan, the Nikkei 225 was pummeled 1,298.55 points, or 3.9%, to 31,714.03.
In Hong Kong, the Hang Seng gained 136.81 points, or 0.7%, to 20,264.49.
Markets in Korea tumbled, as the benchmark has lost over 20% from its July high, confirming a bear market.
CHINA
In Shanghai, the CSI 300 took on 36.03 points, or 1%, to 3,686.79
Additional Trump tariffs have come into effect, adding to the 10% baseline duty that was already implemented on Saturday. Chinese goods will now face a cumulative tariff rate of 104%.
In other markets
In Singapore, the Straits Times Index lost 75.78 points, or 2.2%, to 3,393.69
In Korea, the Kospi dropped 40.53 points, or 1.7%, to 2,293.70
In Taiwan, the Taiex collapsed 1,068.19 points, or 5.8%, to 17,391.76
In New Zealand, the NZX 50 dipped 84.89 points, or 0.7%, to 11,806.55
In Australia, the ASX 200 declined 135.02 points, or 1.8%, to 7,374.95.