New Delhi, April 7 -- Asian stock markets witnessed a major sell-off on Monday after US President Donald Trump announced a new round of tariffs. The markets opened with heavy selling pressure, reflecting growing fears over the impact of the tariffs on global trade and economic growth.

Japan's Nikkei 225 index dropped sharply by 5.79 per cent, leading the decline across the region. Hong Kong's Hang Seng index followed with a steep fall of around 10 per cent.

Taiwan's Taiwan Weighted Index also saw a major slide, losing 9.61 per cent in early trade. South Korea's KOSPI index was down by 4.14 per cent, while China's Shanghai Composite fell by 6.5 per cent at the time of filing this report.

Australia's benchmark index S&P/ASX 200 also regi...