Asian stocks are falling as tariffs continue to reverberate around the world.

The main indexes from Shanghai to Tokyo and Sydney to Hong Kong fell when they opened on Monday. An analyst told the BBC.

As a region that manufactures so many globally sold goods, Asian countries and territories are directly hit by tariffs.

They are also concerned about the impact of the global trade war that could trigger a slowing downward trend or even the recession in the world’s largest economy.

By noon, Japan’s Nikkei 225 benchmark index fell 6%, Australia’s ASX 200 fell 4%, and South Korea’s Kospi fell 4.7%.

Depression in mainland China, Hong Kong and Taiwan has been exacerbated as investors see big waterfalls in other markets on Friday.

Shanghai Comprehensive Materials fell by more than 6%, while the suspended Taiwan weighted index fell by about 10%.

“Tariffs are leveraging expectations about inflation and recession,” said Julia Lee, head of FTSE Russell, a subsidiary of London Stock Exchange Group.

Goldman Sachs has raised its estimate of the U.S. recession to 45% over the next 12 months – 35% from previous estimates as investment banking giants lower their forecasts for economic growth for the country.

Other Wall Street companies have also revised their recession forecasts after Trump’s tariff announcement. JPMorgan Chase now sees a 60% chance of recession in the United States and globally.

A sharp slowdown in the U.S. economy will have a significant impact on Asian exports, as the U.S. is an important market for commodities in the region.

“The brunt of Asia is the brunt of the U.S. tariff rate hikes. While there may be some room for negotiation, there is a new regime with higher tariffs here.”

“This is negative for the global and Asian economies, especially in small open economies in both short and long term.”

From Vietnam to Bangladesh, as an export market, countries from Vietnam to Bangladesh have become highly stable countries.

Trump’s announcement last week included a 46% tariff on Vietnam, while Bangladesh’s tariffs were 37%.

Several major American brands produce goods in Vietnam. Including Nike and lululemon.

Bangladesh Association of Garment Manufacturers and Exporters said Bangladesh exports US$8.4 billion (£6.5 billion) of clothing each year.

“Asia may feel disproportionately this turbulent because Asia sends more exports to the United States than other markets,” said Frank Lavin, former deputy secretary of international trade at the U.S. Department of Commerce.

On Friday, Global stock market turmoil deepensafter China’s tariffs announced by Trump returned.

The three major U.S. stock indexes fell more than 5%, while the S&P 500 fell nearly 6%, with the worst week in U.S. stocks capping the worst since 2020.

In the UK, the FTSE 100 fell by nearly 5% – the steepest decline in five years, while exchanges in Germany and France are facing a similar decline.

Ms. Lee also stressed that the global stock market crash looks set to continue: “Another tough meeting on Wall Street tonight’s U.S. futures trading.”

Since Trump announced a new 10% import tax on goods in each country, global stock markets have lost trillions of dollars in value, including products from dozens of countries, including major trading partners such as China, the EU and Vietnam, facing higher interest rates.