Asian stock markets : website
S&P 500 futures drop over 3%, Nikkei slides 6%
Futures price in extra 25bps Fed easing this year
Treasuries extend rally, safe haven yen gains
Oil dives 2% as global recession risks mount
(Adds analyst quote, China and European stocks)
By Wayne Cole
SYDNEY, April 7 (Reuters) - Major stock indexes plunged in Asia on Monday as White House officials showed no sign of backing away from their sweeping tariff plans, and investors wagered the mounting risk of recession could see U.S. interest rates cut as early as May.
Futures markets moved swiftly to price in almost five quarter-point cuts in U.S. rates this year, pulling Treasury yields down sharply and hampering The Indian Headline dollar.
