Stocks slide around the world as investors recoil from Trump tariffs
CBSN
Financial markets around the world tumbled after President Trump on Wednesday announced a barrage of new tariffs, with U.S. stock futures pointing to a sharp drop when Wall Street opens for business.
Roughly two hours before the start of trade at 9:30 a.m. ET, futures for the S&P 500 plunged 190 points, or 3.3%, while futures for the Dow Jones Industrial Average and the tech-heavy Nasdaq composite index sank 3% and 4%, respectively.
Overseas markets also slumped in overnight trading. In Asia, Tokyo's Nikkei 225 index briefly dipped 4%, with automakers and banks taking big hits, before closing down 2.8%, while South Korea's benchmark Kospi fell 1.1%. In Europe, Germany's DAX fell 1.7%, France's CAC 40 in Paris lost 1.8% and Britain's FTSE 100 shed 1.2%.
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