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Tariffs Rock Sentiment, Asia Mostly Plunges

  • Asia-Pacific markets plunged after U.S. President Donald Trump imposed hefty reciprocal tariffs on over 180 countries and territories in the region.
  • Japan's Nikkei 225 dropped 2.8% while Hong Kong's Hang Seng index fell 1.5%.
  • Charts shared by the White House showed the effective tariff rates imposed on American goods by other countries.
  • China, South Korea, and Australia face higher tariffs on various goods.

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