{"id":75430,"date":"2025-04-07T16:05:26","date_gmt":"2025-04-07T06:05:26","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=75430"},"modified":"2025-08-05T20:47:11","modified_gmt":"2025-08-05T10:47:11","slug":"monday-7th-april-2025-asia-pacific-stocks-plunge-as-u-s-china-tariff-tensions-rise","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-7th-april-2025-asia-pacific-stocks-plunge-as-u-s-china-tariff-tensions-rise\/","title":{"rendered":"Monday 7th April 2025: Asia-Pacific Stocks Plunge as U.S.-China Tariff Tensions Rise"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 6.94%, Shanghai Composite down 7.22%, Hang Seng down 12.53% ASX down 4.44%<\/li>\n\n\n\n<li>Commodities : Gold at $3047.35 (0.04%), Silver at $29.7 (-0.48%), Brent Oil at $63.65 (-2.95%), WTI Oil at $60.26 (-2.94%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 3.909, UK 10-year yield at 4.445, Germany 10-year yield at 2.5695<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) Unemployment Rate 6.7%&nbsp; to 6.7% expected<\/li>\n\n\n\n<li>(CAD) Employment Change&nbsp; -32.6k&nbsp; to 10.4k expected<\/li>\n\n\n\n<li>(USD) Non Farm employment change 228K&nbsp; to 137K expected<\/li>\n\n\n\n<li>(USD) Unemployment Rate 4.2%&nbsp; to 4.1%&nbsp; expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets continued their sharp decline on Monday as global trade war fears intensified following U.S. President Donald Trump\u2019s tariff announcements. Investor sentiment turned risk-averse, leading to a widespread sell-off. Hong Kong\u2019s Hang Seng Index led regional losses with a steep 10.37% fall, while China\u2019s CSI 300 dropped 6.31%. Japan\u2019s Nikkei 225 shed 6.20%, hitting an 18-month low, and the broader Topix index plunged 6.50%. Trading in Japanese futures was temporarily halted after circuit breakers were triggered.<\/p>\n\n\n\n<p>South Korea\u2019s Kospi index dropped 4.74%, and the small-cap Kosdaq slipped 4.01%. Australia\u2019s S&amp;P\/ASX 200 declined 3.87%, extending its losses to 11% since February and entering correction territory. In India, the Nifty 50 opened down 3.85%, while the BSE Sensex tumbled 5.29%. The sell-off across the region reflected deepening investor anxiety over the possibility of prolonged trade tensions derailing global growth.<\/p>\n\n\n\n<p>Meanwhile, U.S. oil prices also fell sharply. West Texas Intermediate crude futures dropped more than 3% to $59.74 a barrel\u2014marking the lowest level since April 2021. Hopes that the U.S. administration would negotiate lower tariff rates with trade partners faded, fueling further market pessimism. Despite growing concerns, senior U.S. economic officials downplayed the risks of inflation and recession, asserting that tariffs would remain regardless of market reactions.<\/p>\n\n\n\n<p>On Wall Street, stocks saw a steep sell-off Friday after China imposed retaliatory tariffs. The Dow Jones Industrial Average plunged 2,231.07 points (5.5%) to 38,314.86, its biggest loss since June 2020. The S&amp;P 500 dropped 5.97% to 5,074.08, while the Nasdaq Composite fell 5.8% to 15,587.79, officially entering bear market territory with a 22% drop from its December peak.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>07:00 PM GMT &#8211; USD Consumer Credit m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets continued their [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":77277,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[196,215,339],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/75430"}],"collection":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=75430"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/75430\/revisions"}],"predecessor-version":[{"id":75435,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/75430\/revisions\/75435"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/77277"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=75430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=75430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=75430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}