Trump's Tariffs Spark Global Market Turmoil

Trump's Tariff Policy Impact on Nikkei 225: February 3rd Market Decline

The Nikkei 225 index, Japan's leading stock market index, experienced a significant decline on Monday, February 3rd, following the announcement of new tariffs by U.S. President Donald Trump. The index closed down 1052.40 points, a decrease of 2.66%, at 38520.09 points. This decline was attributed to the global market uncertainty and risk-off sentiment triggered by Trump's tariff policy.

The South Korean KOSPI index also suffered a decline, closing down 64.04 points, a decrease of 2.54%, at 2453.33 points. The sell-off in the Asian markets was driven by concerns over the potential impact of Trump's tariffs on global trade and economic growth.

The crypto market also felt the heat of Trump's tariff policy, with a steep fall in its total market cap. The market plunged 11.15% to $3 trillion, with trading volume skyrocketing by 174.04% to $291.45 billion. The Fear & Greed Index slipped to 39, signaling anxiety among investors.

Bitcoin, the largest cryptocurrency by market cap, tumbled 6.86% in the last 24 hours, currently valued at $92,871.48. Its dominance remains strong at 61.58%. The 24-hour trading volume surged 178.63% to $93.7 billion, reflecting growing trading activity.

Altcoins also suffered massive losses, with Ethereum falling 20.37% to $2,471.85. Solana and XRP recorded steep declines, losing 8.19% and 24.21%, respectively. The overall altcoin market remains under pressure as Bitcoin's dip drags down sentiment.

The impact of Trump's tariff policy on the Nikkei 225 and the broader market is a clear indication of the interconnectedness of global financial markets. As the U.S. implements protectionist measures, investors worldwide are reassessing their portfolios and adjusting their risk exposure.