Global Markets Reel as Trump Unleashes New China Tariffs, Asian Stocks Tumble

Key TakeawaysPresident Donald Trump's announcement of an additional 100% tariff on Chinese imports, effective November 1, has sent shockwaves through global markets, triggering a significant sell-off in cryptocurrencies and Asian equities.Hong Kong's Hang Seng Index is poised for sharp declines, with projections of a 2.5% drop at open, while major Chinese tech giants Alibaba (BABA) and Tencent (TCEHY) are expected to see sharp declines.China Vanke (2202.HK) shares are forecast to fall by as much as 4.6% fol ...