On April 9th, A-shares closed higher against the trend, showing strong resilience. By the close of trading, the Shanghai Composite Index (SCI) rose by 1.31%, the Shenzhen Component Index (SCI) increased by 1.22%, and the ChiNext Index gained 0.98%. Overall, the market rebounded after touching bottom during the day, with the SCI leading the gain, and the SSE 50 Index rising over 10%. The total trading volume of A-shares throughout the day reached 1.74 trillion yuan, an increase of 87.767 billion yuan compared to the previous trading day. More than 4,500 stocks on the market rose, with nearly 300 stocks reaching the daily limit or increasing by more than 10%.

Breaking it down by sectors, military stocks surged collectively, while large consumer goods stocks rebounded with fluctuations. The duty-free sector led the gains, with more than ten stocks, including China Duty Free Group, hitting the daily limit. Port-related and unified market concept stocks were also active.

As of this press release, all indexes, including the Shanghai Composite Index, Shenzhen Component Index, and SSE 50 Index, have shown increases.

A-share performance iFinD Tonghuasun

In contrast, the situation in last night's U.S. stock market was not optimistic.

On April 8th local time, U.S. stocks continued to fall after a brief rebound. Various indexes, including the S&P 500 Index, Dow Jones Industrial Average, and Nasdaq Index, fell across the board. Market views suggest that the recent decline in U.S. stocks is mainly due to Trump's policy of imposing additional tariffs globally. The U.S. government stated that it would impose cumulative tariffs amounting to 104% on Chinese imports starting at midnight.

The widespread anxiety and concern among investors has been clearly reflected in the stock market trends.

Since Trump announced the tariff hike last week, U.S. stocks have fallen for four consecutive trading days. The S&P 500 Index closed below 5000 points for the first time in nearly a year, currently down 18.9% from its latest high point on February 19th, just one step away from entering a technical bear market (defined as a 20% drop from the high). Additionally, the Dow Jones Industrial Average fell 320.01 points, or 0.84%, closing at 37,645.59 points, with a loss exceeding 4,500 points over four days.

Despite the early session rally of the Dow Jones Index, which surged 3.9% at one point, it ultimately failed to sustain the upward momentum. The Nasdaq Composite Index fell 2.15%, closing at 15,267.91 points. In the four-day plunge, the Nasdaq index fell more than 13%.

The uncertainty in the market has particularly impacted major U.S. tech stocks. Leading American "tech seven giants," represented by Apple, all experienced declines. Affected by the tariff风波, the cost for iPhone manufacturers rose significantly, with Apple's stock leading the decline, falling nearly 5% on the day.

Performance of the U.S. 'Tech Seven Giants' iFinD Tonghuasun

In the Asia-Pacific market, South Korea's KOSPI index closed down 1.74%, and Japan's Nikkei 225 index closed down 3.93%.

In European stocks, the Euro Stoxx 50 index opened down over 3%. As of this press release, Germany's DAX index fell 2.3%, the UK FTSE 100 index dropped 1.92%, and France's CAC 40 index fell 2.32%.

In the afternoon of April 9th, the Foreign Ministry held a regular press conference. A journalist asked about the U.S.'s imposition of a 104% tariff on China. Spokesperson Lin Jian of the Foreign Ministry stated: The legitimate development rights of the Chinese people must not be deprived, and China's sovereignty, security, and development interests must not be violated. We will continue to take resolute and effective measures to safeguard our legitimate rights and interests.

This article is an exclusive contribution from Observer Network and cannot be reprinted without permission.

Original source: https://www.toutiao.com/article/7491317339326136886/

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