Sunday, April 6, 2025

"Hong Kong’s Hang Seng plunges nearly 11%, mainland’s China CSI 300 slumps over 6% on trade war worries"

From CNBC, April 6, 11:55pm EDT:

Asia-Pacific markets extended their sell-off Monday as fears over a global trade war sparked by U.S. President Donald Trump’s tariffs fueled a risk-off mood.

Hong Kong markets led losses in the region, with the Hang Seng Index declining 10.37%. Meanwhile, mainland China’s CSI 300 fell 6.31%.

Over in Japan, the benchmark Nikkei 225 lost 6.39% to hit an 18-month low while the broader Topix index plummeted 6.50%. Earlier in the day, trading in Japanese futures was suspended due the market hitting circuit breakers.

In South Korea, the Kospi index was last down 4.74%, while the small-cap Kosdaq declined 4.01%.

Australia’s S&P/ASX 200

extended losses to 3.87%. The benchmark slid into correction territory with an 11% decline since its last high in February, in its previous session.

India’s benchmark Nifty 50 dropped 3.85% at the open while the broader BSE Sensex declined 5.29%....

....MUCH MORE