Trump Tariffs Spark Asian Market Meltdown: Stocks Dive, Rupee Crashes & Gold Soars
Regional Stock Market Performance China & Hong Kong: Mainland markets were modestly lower. The Shanghai Composite traded near 3,820–3,830 (about –0.7%) on Friday reuters.com, dragged by global tech weakness and trade jitters. Hong Kong’s Hang Seng fell over 1% on Friday reuters.com, led by declines in technology and financials. Chinese data showed some stabilization – for example, August industrial profits jumped 20.4% YoY (recovering from a July decline) reuters.com – but analysts note demand remains weak. Beijing’s central bank, meeting on Tuesday, said it would “step up adjustments” and keep policy loose to shore up growth reuters.com. The PBOC also