Live Updates Live Coverage Updates appear automatically as they are published. Japan's Stock Market Imploding 8:36 pm Japan’s stock market is open and the Nikkei 225 is falling fast, down 7.5%. Financials and semiconductors are leading losses as investors bet against companies with cyclical exposure.

U.S. markets were set to open sharply lower as well. President Trump said on Sunday that he would not back off his trade war, reinforcing fears of a global economic downturn.

Stocks fell sharply in early trading Monday, extending last week's massive sell-off, as the Trump administration showed no signs over the weekend of backing down from its plan to impose wide-ranging tariffs.

Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.

US stock futures declined sharply Sunday evening after two sessions of selloffs that wiped away over $5.4 trillion in market value.

President Trump's sweeping tariffs package, and fears of retaliation, have triggered fears of a global recession and spiraling trade war.

Yahoo Finance will chronicle the latest news and updates on Trump's tariffs — from the threats to the eventual policy.

President Donald Trump unveiled sweeping 10% tariffs on all imports to the United States Wednesday, but about 60 countries or trading blocs will see even higher rates in an escalating move that is poised to initiate a global trade war.

Among the broader basket, small-cap shares were the worst hit, as the Nifty Smallcap100 index ended down by 3.56 per cent