Stocks and dollar slide as Trump's Fed attacks jangle nerves [View all]

Source: Reuters

SINGAPORE, April 21 (Reuters) - Asian equities and U.S. stock futures slid on Monday while the dollar slumped, as anxiety over tariffs and public criticism of the Federal Reserve by President Donald Trump hit sentiment, leading gold prices to a new high.

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S&P 500 futures fell 0.64% and Nasdaq futures eased 0.53%. In Asia, Japan's Nikkei (.N225), opens new tab fell 1% while South Korea's benchmark index (.KS11), opens new tab was steady.

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The shaky confidence in U.S. assets has been exacerbated by Trump's attacks on the Fed, with the dollar crumbling against most other currencies. The euro touched a three-year high, while the yen was at a seven-month peak.

The Swiss franc strengthened 0.6% against the dollar and was hovering near the 10-year peak it touched earlier this month.

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Read more: https://www.reuters.com/markets/global-markets-wrapup-1-2025-04-21