The impact of Donald Trump’s new tariffs on Asian markets was felt immediately, with significant drops in stock markets across Tokyo, Sydney, Hong Kong, and Shanghai. Analysts warn of a potential global economic recession as a result of the tariffs. Major Japanese gaming companies saw their stocks plummet, with Sony, Nintendo, Capcom, and others experiencing significant declines. The repercussions were also felt in the US and Europe, with stock indices falling by more than 5% in the worst week since 2020.
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