Asian stock markets are slumping as the shockwaves from US President Donald Trump's tariffs continue to reverberate around the world. Major indexes from Shanghai to Tokyo and Sydney to Hong Kong plunged when they opened on Monday. "It's a bloodbath," one analyst told the BBC.

Stocks in Japan, South Korea and Australia all tumbled as President Donald Trump defended his tariff regime, offering major trading partners no hope for respite.

Asian markets plunged on Monday following last week’s two-day meltdown on Wall Street, and President Donald Trump said he won’t back down on the sweeping new tariffs he announced on April 2 that have roiled global trade.