Trump's tariffs send stocks plummeting again live from the UK. This is the Marketplace Morning Report from the BBC World Service.

Hello, I'm Nick Kareishi in Fort Leanna Burn. Stock markets across Asia and Europe have plummeted as the shockwaves from President Trump's tariffs continue to reverberate around the world.

The sell-off started in Asia where major indexes from Shanghai to Tokyo.

In Sydney to Hong Kong fell sharply.

Taiwan stocks, in fact, plummeted almost 10% on Monday.

The biggest one-day percentage fall on record.

Our Asia business reporter Mariko Oy joins us from Singapore. Hi, Mariko.

Hello, Nick. Right. How bad are things today? Well, it's been described by some analysts as

absolute cottage or even a financial bloodbath. All we've been seeing all day is CF red arrows

pointing downwards from Japan, South Korea

to Australia and India.

They were extending their losses for a third day because, of course, they were the first

to react on Thursday.

Now, the stock markets in mainland China, Hong Kong and Taiwan, they were actually closed

for a public holiday on Friday.

So they're playing a bit of a catch-up.

And as a result, we're seeing even sharper losses in those markets as well.

Just outline for us, Mariko, where some of the biggest fallers we're witnessing are.

Well, Nick, there was no sector that was spared from today's sell-off in Asia.

But some of the big names include, for

example, HSBC and Standard Chartered Bank. They've been down some 15, 18% even carmakers in Asia,

like Toyota, Honda and Nissan. They were down last week, but today they saw even a sharper

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