Affected by Trump's tariff policy, the stock markets of Australia, New Zealand, South Korea, Singapore and Europe were hit hard.

According to a report on April 7 by the Financial Times of the UK, due to the heavy impact of the tariff policies of the Trump administration on market sentiment, not only did Japan's stock market experience a significant decline, but also the stock markets of Australia, New Zealand, South Korea, and Singapore were heavily affected on Monday.

The S&P/ASX 200 index in Australia fell by 6.4% after opening, with some large component stocks experiencing significant selling pressure. Previously, analysts from Citibank pointed out that iron ore and oil producers might be affected by the slowdown in industrial production, and BHP's share price dropped by nearly 9%.

In addition to the stock market, the exchange rate of the Australian dollar against the US dollar has continued to weaken, falling below the 0.60 level for the first time since the outbreak of the pandemic.

The S&P/NZX 50 Index in New Zealand fell by 3.5% after opening on Monday.

Due to concerns about the US tariff policy, the South Korean Composite Stock Price Index fell more than 5%. In the morning of Monday, the main board of the South Korean market activated the circuit breaker mechanism, suspending program trading for five minutes.

It is reported that the US set a 25% tariff standard for South Korea, and the South Korean economy is highly dependent on export trade. SK Hynix, the world's second-largest memory chip manufacturer, saw its share price fall by 7.1%, and Hyundai Motor's share price fell by 6.2%. The share price of steelmaker POSCO fell by 7%.

The stock market in Taiwan was also affected. After opening on Monday, the weighted stock price index of the Taiwan Stock Exchange fell by 9.8% to 19212.02 points. The share prices of TSMC and Foxconn both approached a 10% drop, triggering a circuit breaker in the stock trading of the Taiwan Stock Exchange.

In Singapore, due to the severe impact of Trump's tariff policies on market sentiment, the Singapore stock market plummeted by 8%. The Straits Times Index in Singapore fell by 8.5% within 20 minutes after opening, with bank stocks leading the decline. Among them, DBS Bank's share price plummeted by more than 10%, OCBC Bank fell by 6.7%, and UOB's decline reached 4.7%.

In Europe, the futures of multiple national stock indices continued the downward trend of last week. The futures of the Euro Stoxx 50 Index fell by 4.3%, the futures of Germany's DAX Index fell by 5.0%, and the futures of the UK's FTSE 100 Index fell by 4.1%.

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Original source: https://www.toutiao.com/article/7490388662266397210/

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