Stock Market LIVE: S&P 500 futures fell more than 1.6%

Some of the main moves in markets, according to Bloomberg:

-S&P 500 futures fell 1.5% as of 10:39 a.m. Tokyo time

-Japan’s Topix fell 2.9%

-Australia’s S&P/ASX 200 fell 1.3%

-Hong Kong’s Hang Seng fell 3.5%

-The Shanghai Composite fell 1.8%

-Euro Stoxx 50 futures fell 4.4%

Taiwan stocks fell 1.8 percent in early trade Wednesday after the government announced a $15 billion stabilisation fund in response to US tariffs, reports AFP.

The Korean won declined to its lowest since the global financial crisis amid a broad decline in Asia’s trade-sensitive currencies, reports Bloomberg.

The won dropped about 0.5% to 1487.45 per dollar on Wednesday, the lowest since March 2009. The Thai baht and Malaysian ringgit also slipped against the greenback, as did the New Zealand dollar.

US stocks dropped for a fourth straight trading day on Tuesday since Trump's tariffs announcement last week, with the S&P 500 closing below 5,000 for the first time in almost a year, reports Reuters.

S&P 500 companies have lost $5.8 trillion in stock market value since Trump's tariff announcement.

Japan's Nikkei average futures down by 3.4% in early trade, reports Reuters.

Japanese stocks are set to fall as wild swings on Wall Street sap investor confidence ahead of the full implementation of US trade tariffs, Bloomberg reported.

Nikkei 225 Stock Average futures were at 31,875 on the Chicago Mercantile Exchange as of 7:26 a.m. Tokyo time, about 3% lower compared with the close for the underlying gauge. Shares of exporters may open lower in Tokyo after the yen surged more than 1% against the dollar overnight.

Oil prices settled down more than $1 a barrel on Tuesday at a four-year low as investors priced in an increasing likelihood of a recession due to the escalating trade war between the US and China, the world's two biggest economies, Reuters reported.

Brent futures settled down $1.39, or 2.16%, at $62.82 a barrel. U.S. West Texas Intermediate crude futures settled down $1.12, or 1.85%, at $59.58.

Wild swings lashed Wall Street for a fourth straight session as back-and-forth trade threats between the US and China knocked down stocks, erasing an earlier rally that was the biggest since 2022. The S&P 500 fell 1.6%, leaving it on the brink of a bear market, Bloomberg reported.

US President Donald Trump shocked the world – and global markets – with tariffs that exceeded expectations last week. But there was one region that was hit harder than most: Asia.

Exporting powerhouses like China and Vietnam were slapped with some of the highest levies of any country, with China now facing an additional 50% tariff, bringing the total rate of its levies to more than 100%.

Canada said it will begin imposing a 25 percent tariff on certain US auto imports from Wednesday, activating a retaliatory measure in response to President Donald Trump's levies on foreign-made cars and trucks, AFP reported.

The Bank of France raised its first-quarter estimate for economic growth slightly, but cautioned that it has little short-term visibility on how much damage US President Donald Trump’s tariffs will do, Bloomberg reported.

The central bank said its monthly survey of 8,500 businesses and other indicators show output expanded 0.2% between January and March. In its previous publication, it put growth at 0.1% to 0.2%.

The outlook for European corporate health has deteriorated, the latest forecasts showed on Tuesday, heightening fears that a global trade war ignited by US President Donald Trump's tariffs will hurt companies' earnings, Reuters reported.

The S&P 500 was up 2.4% in mid day trading, the Dow Jones Industrial Average was up 926 points, or 2.4%, as of noon eastern time in the US, and the Nasdaq composite was 2.4% higher.

On Wall Street, health insurance companies saw peaks with Humana jumping 13.5 per cent higher, United Health up 8.9 per cent and Elevance climbing 6.6 per cent.

The rise followed the announcement of an expected increase in Medicare Advantage payments in 2026, reported Associated Press.

The S&P 500 was up 3.7% in trading and the Dow Jones Industrial Average was up 1,363 points, or 3.6%, as of 10:12 a.m. eastern time.

The Nasdaq composite was also 4.2% higher.

US crude oil rates rose slightly on Tuesday after touching its lowest level in four years on Monday amid Trump's tariff threats.

After a low closing on Monday, The S&P 500 was up 3.4% in early trading Tuesday. The Dow Jones Industrial Average was up 1,230 points, or 3.3%, and the Nasdaq composite was 3.6% higher.

As US markets open, S&P 500 E-mini future are up by 3.1%, Nasdaq is up by 3% and Dow Jones Futures are up by 3.2% after the markets went into bear territory on Monday.

The BSE Oil & Gas index jumped the most on Tuesday by 2.58 per cent, followed by consumer durables - 2.38 per cent, telecommunication -2.32 per cent, industrials -2.04 per cent, energy -2.03 per cent, healthcare-1.94 per cent and IT-1.77 per cent.

All 11 listed Adani group firms ended higher on Tuesday, bouncing back from the previous day's decline.

Shares of Adani Enterprises jumped 3.27 per cent, Adani Total Gas climbed 3.27 per cent, Adani Energy Solutions rallied 3.23 per cent and Ambuja Cements shot up 2.53 per cent on the BSE.

Titan rose by 3.29 per cent today and became the top gainer on the Sensex, followed by Bajaj Finance, SBIN, L&T, Bajaj Finserv and Axis Bank.

At the bottom of the Sensex, the only company in red is Power Grid which lost 0.14%, followed by IndusInd Bank, Tata Steel, TCS, HDFC Bank, Ultrachemco, and Kotak Bank.

While Cholamandalam Finance topped the Nifty Next 50 with a massive 6% rise, others such as Swiggy and BPCL also recorded an increase above 3%.

Titan was the biggest gainer on the Sensex today with a 3.29% growth, settling at 3,123.25 as the market closed.

As markets close on Tuesday, Jio Finance has emerged as the top gainer on the Nifty 50 index. Other top gainers are Shriram Finance, Cipla, Titan, ONGC, L&T, Bajaj Finance and Axis Bank.

As the stock market rebounded on Tuesday, only one company remained red on the BSE Sensex - Powergrid, which fell 0.14%.