Updates: Policy/News/Markets, April 7, 2025
— All major stock markets in Asia are plunging as tariff turmoil deepens. In Japan, the Nikkei 225 was down more than 7%. Japan’s exchange operator briefly called a halt to trading in Nikkei stock futures on Monday. European stocks tanked 6% on the open. Bitcoin and oil prices fell sharply, too. U.S. equity futures signal another major downturn on the open this morning. Meanwhile, the Chinese Communist Party’s flagship newspaper, People’s Daily, said in a commentary that Chinese policymakers are well-prepared to cope with U.S. tariffs by using policy tools including monetary and fiscal easing.
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