Global Markets Tumble Amid New Tariffs and Weak Tech Earnings

Asian, European, and U.S. stock futures plummeted as markets reacted to new tariffs and disappointing tech earnings. The U.S. announced updated duties ranging from 10% to 41%, with an additional 40% penalty for goods rerouted through third countries. The measures took effect late Thursday, exacerbating existing market jitters.

Futures tied to the S&P 500 fell 0.16%, while Nasdaq 100 futures dropped 0.23%. Dow Jones futures slid 67 points. Amazon shares plunged over 6% after hours due to a bleak operating income forecast. Apple bucked the trend, rising 2% after surpassing earnings expectations.

Asian markets bore the brunt early. Japan's Nikkei 225 closed down 0.59%, while South Korea's KOSPI Index led regional losses with a 3.61% drop. Hong Kong's Hang Seng Index fell 0.61%, and Australia's ASX 200 declined 0.89%. China's Shanghai Composite dipped 0.46%, and India's Nifty 50 slid 0.29%.