Nikkei 225, Kospi, Nifty 50

Asia-Pacific markets fell on Wednesday; This echoes overnight losses on Wall Street after President Donald Trump escalated his rhetoric on Greenland, threatening new tariffs on countries resisting the transfer of Danish territory to the United States.

of hong kong Hang Seng index Futures settled at 26,341, below the benchmark’s last close of 26,487.51.

of japan Nikkei 225 It lost 1.28% while Topix fell 1.09%. South Korea’s Kospi index fell 1.09%, while the small-cap Kosdaq fell 2.2%.

of Australia S&P/ASX 200 It started the day with a 0.32% decrease.

Trump said on Saturday that a 10 percent tariff would be imposed on exports from eight European countries starting February 1, rising to 25 percent by June 1 if talks fail to ensure the United States takes control of mineral-rich Greenland.

He has also threatened to impose 200% tariffs on French wine and champagne, following reports that he does not want to join President Emmanuel Macron’s proposed “Peace Board”. Trump also criticized the UK, calling its plan to transfer sovereignty of the Chagos Islands, which hosts a joint UK-US military base, to Mauritius “an act of gross stupidity”, citing the move as a further justification for buying Greenland on national security grounds.

European leaders have called President Donald Trump’s latest tariff threats “unacceptable” and are reportedly considering retaliatory measures. France is said to be calling on the European Union to implement its strongest instrument of economic intervention, called the Anti-Repression Instrument.

U.S. stock futures were slightly higher in early Asian trading after the major averages had their worst day in three months.

overnight in the USA, Dow Jones Industrial Average It closed the session at 48,488.59, down 870.74 points or 1.76%. S&P 500 It decreased by 2.06% to 6,796.86. Nasdaq Composite It closed at 22,954.32, losing 2.39%. This was the worst session since October for all three major averages. US Treasury yields rose and the US dollar lost value as Trump’s threat caused a flight from US assets.