Hong Kong stocks and A-shares opened significantly lower, with the Hang Seng TECH Index dropping 11%!
Panic sentiment spreads, Hong Kong stocks and A-shares plummet today, and U.S. stock futures drop sharply.
Tariff clouds loom over the market, and panic sentiment is heavy. U.S. stocks may face a third consecutive day of sharp declines, while Hong Kong and A-shares are also expected to plummet today.
The U.S. "reciprocal tariffs" will take effect on the 9th, and China has already announced countermeasures, imposing a 34% tariff on U.S. goods starting on the 10th.
The market crash triggered by Trump's tariff policy last week will be recorded in history, with the Nasdaq 100 index entering a bear market, and within two days, the total market value of U.S. stocks evaporated by over $5 trillion.
On Saturday, tens of thousands of protesters erupted in large-scale demonstrations across the U.S. and globally, opposing various policies of the Trump administration. The protesters criticized a series of government policies, including radical trade tariffs, layoffs of federal employees, deportation of legal immigrants, attacks on the transgender community, threats to invade Greenland, and Musk's government efficiency department.
U.S. Stock Night Trading: Continuing to Plummet
In U.S. night trading, Apple fell 4.5%, Tesla dropped as much as 10%, NVIDIA fell as much as 9%, and Microsoft dropped 4%. Many heavyweight stocks have already fallen back to 2022 levels.
Due to the Qingming Festival holiday, the plummet of Hong Kong and A-shares is relatively delayed.
Hong Kong Stocks: Opening Plunge
The Hang Seng Index opened with a plunge of 9.28%, and the Hang Seng TECH Index plummeted 11.15%, with heavyweight stocks falling sharply, including Tencent down 11.25%, Xiaomi down 12.45%, and Alibaba down 12.55%.
A-shares: Opening Plunge
The Shanghai Composite Index opened down 4.46%, and the ChiNext Index opened down 6.77%