Asian markets tumble as China mulls response to Trump's 104% tariffs

Asia markets index of Japan, South Korea and Australia is seen on a screen as a currency trader works at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, April 9, 2025.

Asian markets sank after Trump's 104% tariffs on Chinese goods took effect, with Beijing warning it was ready to defend its economic interests.

(Image credit: Ahn Young-joon)