China & Hong Kong Markets in Freefall Amid Trump Tariffs
Global markets are in chaos as China’s stock futures and major indexes crash, driven by U.S. President Trump’s sweeping tariffs set to take effect in hours.
China Stock Futures Plunge:
• CSI 300 Index Futures: -7%
• CSI 500 Futures: -8%
• CSI 1000 Futures: -9%
• SSE 50 Futures: -6%
Mainland Index Openings:
• Shanghai Composite: -4.46%
• Shenzhen Component: -5.96%
• ChiNext: -6.77%
• CSI 300: -4.82%
Hong Kong Hang Seng:
• Opens -9.28%, on pace for its worst single-day drop since the 2008 financial crisis
Global Fallout:
• Japan’s Trade Minister to urgently request U.S. tariff exemptions.
• South Korea sends delegation to Washington midweek.
• Greece’s Central Bank warns of a “large demand shock” for the Eurozone.
Markets worldwide are bracing for economic blowback, as Trump’s trade reset accelerates into full force.
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