Asian stock slide as the effects of Trump's tariffs dig in.

Live from the UK, this is the Marketplace Morning Report from the BBC World Service.

I'm Leanna Byrne, good morning.

Now it might be morning for us, but over in Asia, financial markets are closed and it was a rough day for them.

The main markets in Japan, South Korea, Australia and China all opened down by around 3% before recovering slightly.

It's all because investors are worried about what's going on stateside. The BBC's Mariko-Oye has been following this for us. Hello.

Hello. So how much of this is tied to US policies like tariffs versus broader global trends?

There are many factors involved when investors decide to sell stocks.

I think it's fair to say that many of them are definitely concerned about this impact of tariffs

on the US economy, which then, of course, has an impact on the rest of the world.

Of course, there are other issues like China slowdown that we've been talking about.

Also, you know, Japan's GDP data was revised, and maybe that affected the Japanese stock market

today.

And also, for many Asian investors, the latest tariffs that are due to kick in tomorrow,

so that's the aluminum and steel tariffs, that's also worrying many because there have been

various reports suggesting that many America's trading partners, so namely Australia, Japan,

and say on, they've been negotiating with Washington

trying to get an exemption from that. But so far, no one has managed to get that.

Are they looking ahead to what the Federal Reserve might do as well in terms of cutting

interest rates? Could that actually help emerging markets in Asia?

Yes, I think that's something that they are definitely watching.

And as you say, if the Fed was to cut rates, that basically has an impact on the value of

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