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Stock market today: Asian shares skid, hit by Trump tariff hikes and doubts about AI

  • U.S. President Donald Trump confirmed a 25% tariff on imports from Canada and Mexico, effective March 4, due to insufficient drug flow reduction across the border.
  • Hong Kong's Hang Seng index fell more than 3%, while Japan's Nikkei reached a five-month low amid concerns over Trump's announced tariffs.
  • Dow futures turned negative following Trump's announcement, contributing to widespread stock market declines.
  • Investors fear that ongoing trade tensions could harm the global economy.
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Business Recorder broke the news in on Thursday, February 27, 2025.
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