World markets plunge with Japan's Nikkei diving nearly 8% after big Wall St. meltdown

Shares nosedived around the world Monday as higher U.S. tariffs and a backlash from Beijing triggered massive sell-offs. European shares followed Asian markets declining.

Apr 7, 2025 - 10:23
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World markets plunge with Japan's Nikkei diving nearly 8% after big Wall St. meltdown
Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, April 7, 2025.

Shares nosedived around the world Monday as higher U.S. tariffs and a backlash from Beijing triggered massive sell-offs. European shares followed Asian markets declining.

(Image credit: Ahn Young-joon)