Asian shares deepen losses, with Nikkei down 5%, as latest US tariffs take effect

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.

Japan's Nikkei 225 dipped more than 5% and other Asian shares also sank Wednesday as the latest set of U.S. tariffs, including a massive 104% levy on Chinese imports, took effect.

(Image credit: Ahn Young-joon)