Global Markets Plunge as Trump's Reciprocal Tariffs Loom

Asian and European markets follow Wall Street's sharp declines while gold prices hit record highs ahead of April 2 tariff implementation.

Asian markets suffered steep losses, with Japan's Nikkei dropping 3.9% and South Korea's KOSPI falling 3%, as investor confidence erodes.
President Trump confirmed that reciprocal tariffs will target all countries, intensifying trade tensions and economic uncertainty.
Gold prices surged to a record $3,128 per ounce as investors seek safe-haven assets during escalating market volatility.
The U.S. dollar is on track for its worst monthly performance since 2022, losing 3.5% against major currencies in March.
Global stock indices, including the MSCI World Index, are heading toward their largest monthly losses since September 2022, reflecting widespread economic concerns.