In Bangkok, Asian shares fell on Friday following a significant drop in U.S. stocks after making substantial gains the previous day. Investors' concerns about President Donald Trump's trade war contributed to the decline, causing Japan's Nikkei 225 index to drop 5.6%. By mid-morning in Tokyo, the index was down by 4.7% at 32,969.95. The yen strengthened against the U.S. dollar while the dollar also weakened against the euro. South Korea's Kospi decreased by 1.6% to 2,400.34, and Australia's S&P/ASX 200 lost 2.1% to 7,552.10.

The previous day, the S&P 500 experienced a 3.5% drop, offsetting a 9.5% surge from the day before when Trump announced a pause on many tariffs globally. The Dow Jones Industrial Average fell by 1,014 points, or 2.5%, and the Nasdaq composite plummeted by 4.3%. The decline accelerated as China unveiled additional retaliatory measures against the U.S., causing U.S. stocks to drop further. The S&P 500 reached a more than 6% decrease at one point.

Amidst these developments, China sought support from other countries to counter Trump's actions while enhancing its own responses to the tariffs. Warner Bros. Discovery, the company producing "A Minecraft Movie," witnessed a sharp 12.5% decline in its stock price after China expressed intentions to reduce U.S. film imports. Shares of The Walt Disney Co. also fell by 6.8%.

The China Film Administration spokesperson indicated that American films might become less appealing to Chinese audiences due to the U.S.'s tariff implementations. Trump and Treasury Secretary Scott Bessent's message to other nations, urging them not to retaliate against the tariff pause, seemed to have influenced the European Union's decision to suspend trade retaliation measures for 90 days and seek a negotiated solution.