FTSE 100 defies jitters over Trump tariffs as bitcoin enters bear market

President Trump’s latest reassertion that he plans to impose punitive tariffs on key US trading partners sent stock markets lower on Friday as bitcoin officially entered bear market territory. Asian stock markets tumbled in overnight trading. In Japan the Nikkei index slid by 2.88 per cent and the CSI 300 in China lost 1.97 per cent. In Hong Kong the Hang Seng declined by 3.28 per cent