
Asian markets tumble after a tough day on Wall Street
CNN
Asian markets opened sharply lower on Thursday, continuing Wall Street's downward spiral hours earlier.
Hong Kong's Hang Seng tumbled 2.8%, leading losses in the region. Japan's Nikkei also dropped more than 2%. Korea's Kospi was down 1.6%. China's Shanghai Composite Index shed 1%.
The US stock market had a steep sell-off on Wednesday, as investors grow increasingly worried about rising inflation and a possible economic recession. The Dow Jones Industrial Average lost 3.6%, its worst trading day since June 2020. The S&P 500 sank 4%, and the Nasdaq Composite skidded 4.7%.

President Trump says he can pull funding for sanctuary cities. Judges have repeatedly said otherwise
Trump’s threat is a broader version of one his administration has made many times already, attempting to cut funding to local governments it declared as “sanctuary jurisdictions,” but those efforts have been stopped repeatedly by judges.












