{"id":69839,"date":"2025-04-04T17:41:38","date_gmt":"2025-04-04T06:41:38","guid":{"rendered":"https:\/\/www.icmarkets-vni.com\/blog\/?p=69839"},"modified":"2025-08-05T20:48:59","modified_gmt":"2025-08-05T10:48:59","slug":"friday-4th-april-2025-markets-plunge-amid-tariffs-and-political-turmoil","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/friday-4th-april-2025-markets-plunge-amid-tariffs-and-political-turmoil\/","title":{"rendered":"Friday 4th April 2025: Markets Plunge Amid Tariffs and Political Turmoil"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei down 3.14%, Shanghai Composite down 0.22%, Hang Seng down 1.53% ASX down 2.44%<\/li>\n\n\n\n<li>Commodities : Gold at $3122.35 (0.04%), Silver at $31.7 (-0.48%), Brent Oil at $69.5 (-1.15%), WTI Oil at $66.26 (-0.04%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 3.979, UK 10-year yield at 4.5225, Germany 10-year yield at 2.6405<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">News &amp; Data:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>(CAD) Trade Balance -1.5B&nbsp; to 3.4B expected<\/li>\n\n\n\n<li>(USD) Trade Balance -122.7B&nbsp; to -122.5B expected<\/li>\n\n\n\n<li>(USD) Unemployment Claims 219K&nbsp; to 225K&nbsp; expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Japan&#8217;s stock market led regional declines on Friday, tracking steep losses on Wall Street after U.S. President Donald Trump\u2019s tariffs unsettled global markets. Australia\u2019s S&amp;P\/ASX 200 fell 2.44%, entering correction territory after an 11% drop since February. Japan\u2019s Nikkei 225 lost 3.04%, while the Topix tumbled 5.09%. South Korea\u2019s Kospi slipped 1.78%, and the small-cap Kosdaq declined 0.87% following the Constitutional Court\u2019s decision to uphold President Yoon Suk Yeol\u2019s impeachment. Prime Minister Han Duck-soo will serve as acting president until a new leader is elected within 60 days.<\/p>\n\n\n\n<p>Markets in Hong Kong and China remained closed for the Qingming Festival. Meanwhile, Trump announced new tariffs on Wednesday, imposing reciprocal rates on over 180 countries, escalating fears of a global trade war. The move triggered a broad sell-off in U.S. equities, leading to the largest single-day decline in five years. U.S. futures also retreated, with blue-chip index futures losing 100 points (0.3%), while S&amp;P 500 and Nasdaq 100 futures shed 0.2%.<\/p>\n\n\n\n<p>Overnight, major U.S. stock indexes plunged. The S&amp;P 500 re-entered correction territory, dropping 4.84% to 5,396.52. The Dow Jones Industrial Average plummeted 1,679.39 points (3.98%) to 40,545.93, while the Nasdaq Composite posted its worst loss since March 2020, sinking 5.97% to 16,550.61.<\/p>\n\n\n\n<p>With ongoing market volatility, investors remain cautious amid concerns over Trump\u2019s tariff policies and South Korea\u2019s political uncertainty. The coming weeks will be crucial in determining the broader economic impact.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>12:30 PM GMT &#8211; CAD Employment Change<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; CAD Unemployment rate<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Average Hourly Earnings m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Non Farm employment change<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Unemployment rate<\/li>\n\n\n\n<li>03:25 PM GMT &#8211; USD FED chair Powell Speaks<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Japan&#8217;s stock market led [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":71231,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-69839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/69839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/comments?post=69839"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/69839\/revisions"}],"predecessor-version":[{"id":69848,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/69839\/revisions\/69848"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media\/71231"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media?parent=69839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=69839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=69839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}