New Delhi, April 3 -- Asian markets slumped on Thursday after US President Donald Trump announced reciprocal tariffs on over 180 countries. MSCI's broadest index of Asia-Pacific shares outside Japan fell more than 1%.

Japanese markets led losses in Asia, with the Nikkei share average slipping to an eight-month low. The Nikkei fell as much as 4.6% in early trading, dropping to 34,102.00 for the first time since August 7. The benchmark index recouped some losses, and was down 3%.

The broader Topix index dropped as much as 4.3% before recovering slightly to trade down 3.1%.

Among stocks, Toyota Motor shares declined 4.7%, Tokyo Electron share price plunged 5.8%, while Advantest stock price slumped 4.9%.

Chinese markets opened weak, with ...