Asian markets sink as Trump admits 'transition cost' of tariffs - business live

Nikkei plunges 5.4% and other Asian markets reverse many of Thursday's gains after historic rally following US president's tariffs reprieve US stocks fall again after rally following Trump's shock retreat on tariffs The US dollar slumped on Friday as waning confidence in the US economy prompted investors to ditch US assets to the benefit of safe havens like the Swiss franc, yen and euro, as well as gold. The yellow metal recorded a new all-time peak in early Asia trade, and the franc notched a f...