New Delhi, April 7 -- Asian stock markets suffered a sharp crash on Monday as a wave of selling swept across the region following the announcement of a new round of U.S. tariffs by President Donald Trump. The move has reignited fears of a global trade war, rattling investor confidence and raising concerns over slowing economic growth.

Leading the regional slump, Japan's Nikkei 225 plunged by 5.79%, marking one of its steepest one-day drops in recent months. Hong Kong's Hang Seng index fared even worse, nosediving by nearly 10% in early trading hours, signaling deep investor anxiety in one of Asia's key financial hubs.

Taiwan's market also felt the brunt of the panic, with the Taiwan Weighted Index tumbling 9.61%. South Korea's KOSPI fol...