{"id":75471,"date":"2025-04-09T15:34:34","date_gmt":"2025-04-09T05:34:34","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=75471"},"modified":"2025-08-05T20:44:16","modified_gmt":"2025-08-05T10:44:16","slug":"wednesday-9th-april-2025-asia-pacific-markets-tumble-as-u-s-tariffs-trigger-global-sell-off","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/wednesday-9th-april-2025-asia-pacific-markets-tumble-as-u-s-tariffs-trigger-global-sell-off\/","title":{"rendered":"Wednesday 9th April 2025 : Asia-Pacific Markets Tumble as U.S. Tariffs Trigger Global Sell-Off"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 4.34%, Shanghai Composite up 0.2%, Hang Seng down 1.93% ASX down 1.84%<\/li>\n\n\n\n<li>Commodities : Gold at $3034.35 (1.4%), Silver at $29.087 (-0.48%), Brent Oil at $60.65 (-3.95%), WTI Oil at $57.26 (-3.94%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.406, UK 10-year yield at 4.6060, Germany 10-year yield at 2.6245<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) Ivey PMI 51.3&nbsp; to 53.2&nbsp; expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets tumbled on Wednesday as new U.S. tariffs introduced by President Donald Trump took effect, targeting specific countries and escalating trade tensions.<\/p>\n\n\n\n<p>Australia\u2019s S&amp;P\/ASX 200 declined 1.06%. In Japan, the Nikkei 225 dropped 3.14% and the broader Topix shed 3.26%. South Korea\u2019s Kospi slid 0.95%, confirming a bear market with a 20% drop from its July high. The small-cap Kosdaq slipped 0.44%. Hong Kong\u2019s Hang Seng Index plunged 3.86%, while the Hang Seng Tech Index sank 5.42%. China\u2019s CSI 300 eased 0.26%.<\/p>\n\n\n\n<p>The fresh tariffs added to the 10% baseline duty already introduced on Saturday, pushing cumulative duties on Chinese goods to 104%. The move has intensified concerns of a prolonged trade conflict between the world\u2019s two largest economies.<\/p>\n\n\n\n<p>India&#8217;s central bank cut its benchmark interest rate by 25 basis points to 6%, as anticipated by analysts surveyed by Reuters. However, the Nifty 50 index still declined 0.39% in response to global market weakness.<\/p>\n\n\n\n<p>In the U.S., major indexes also closed lower overnight. The Dow Jones Industrial Average fell 320.01 points, or 0.84%, to 37,645.59, extending its four-day loss to over 4,500 points amid trade-related worries. Apple led the drop, with tariffs expected to significantly raise costs.<\/p>\n\n\n\n<p>The S&amp;P 500 slid 1.57% to 4,982.77, closing below the 5,000 mark for the first time since April 2024. It came close to entering bear market territory, down nearly 19% from its February peak, and has fallen over 12% in just four days.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>06:00 PM GMT &#8211; USD FOMC Meeting Minutes<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets tumbled on [&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\/75471"}],"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=75471"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/75471\/revisions"}],"predecessor-version":[{"id":75475,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/75471\/revisions\/75475"}],"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=75471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=75471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=75471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}