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The Guardian - AU
The Guardian - AU
Business
Martin Farrer

SHOCKING: Asian markets fall as us ignites new trade war with europe - You Need To See This

Stock markets have dropped in Asia amid fears about the US economy
Stock markets have dropped in Asia amid fears about the US economy. Photograph: Ben Rushton/AAP

Asian markets have tanked after a below-par US jobs report compounded worries about the world’s top economy, while Washington opened up another front in its trade wars by imposing swingeing tariffs on European goods, including Scotch whisky and French wine.

Stocks fell sharply in Tokyo, Sydney and Seoul on Thursday as investors reacted to the surprise new tariffs and also heavy losses in Europe and on Wall Street on Wednesday.

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