{"id":6388,"date":"2025-04-07T09:34:07","date_gmt":"2025-04-07T09:34:07","guid":{"rendered":"https:\/\/firearmman.com\/?p=6388"},"modified":"2025-04-07T09:34:09","modified_gmt":"2025-04-07T09:34:09","slug":"us-stock-futures-slide-amid-historic-rout-in-foreign-markets","status":"publish","type":"post","link":"https:\/\/firearmman.com\/?p=6388","title":{"rendered":"US stock futures slide amid historic rout in foreign markets"},"content":{"rendered":"
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Key global stock markets tumbled upon opening on Monday as the world’s reaction to President Donald Trump’s tariffs campaign continued — and as U.S. futures signaled more turmoil for American markets.<\/p>\n

In the U.S., Dow Jones futures were down about 1,200 points or 3.33% on Monday morning. S&P 500 and NASDAQ futures were down about 3.5%. A drop of 7% on the S&P 500 before 3:35pm ET will trigger a market-wide circuit breaker that will halt trading for 15 minutes.<\/p>\n

Tokyo’s Nikkei 225 index lost nearly 9% shortly after the market opened on Monday, the steep decline triggering a circuit breaker that temporarily halted trading. Japan’s broader TOPIX index sank 8%.<\/p>\n

In Taiwan, the Taiex lost 9.7%, while in Singapore the STI fell more than 8%.<\/p>\n

South Korea’s KOSPI index fell more than 5.5% in Monday trading, with Australia’s S&P\/ASX 200 sliding more than 6% before recovering slightly.<\/p>\n

Hong Kong’s Hang Seng Index dropped 13.22% — its worst one-day performance since 1997 during the Asian Financial Crisis — with Chinese tech stocks like Alibaba and Baidu among the big losers.<\/p>\n

On the mainland — where there are fewer international investors — the Shanghai Composite Index dropped more than 7%, despite being buoyed by state-owned investors known as the “National Team.”<\/p>\n

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A currency trader reacts at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, on April 7, 2025.<\/span><\/span><\/span><\/p>\n

Ahn Young-joon\/AP<\/span><\/p>\n<\/div>\n<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n

India’s stock markets also struggled. The BSE’s Sensex dropped 5.19% while the broader Nifty tumbled 5%.<\/p>\n

Asian markets collectively posted their worst day trading session since 2008.<\/p>\n

European indexes followed suit on Monday morning.<\/p>\n

The British FTSE 100 index fell 6% upon opening. The pan-European Stoxx 600 index dropped more than 6%, Germany\u2019s DAX index fell 10%, France\u2019s CAC lost 6.6% and Italy\u2019s FTSE MIB slid 5.7%.<\/p>\n

Investors are bracing for continued market turmoil on Monday in response to Trump’s “Liberation Day” tariffs announced last week.<\/p>\n

Speaking with reporters on Air Force One on Sunday, Trump addressed the recent market turbulence and subsequent fears of an imminent recession.<\/p>\n

“Now what’s going to happen with the market? I can’t tell you, but I can tell you, our country has gotten a lot stronger, and eventually it’ll be a country like no other, it’ll be the most dominant country economically in the world,” Trump said.<\/p>\n

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An electronic board showing the Nikkei 225 index on the Tokyo Stock Exchange is seen in Tokyo, Japan, on April 7, 2025.<\/span><\/span><\/span><\/p>\n

Kazuhiro Nogi\/AFP via Getty Images<\/span><\/p>\n<\/div>\n<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n

“I don’t want anything to go down, but sometimes you have to take medicine to fix something and we have such a horrible — we have been treated so badly by other countries because we had stupid leadership that allowed this to happen,” the president added.<\/p>\n

U.S. markets closed significantly down<\/a> on Friday. The Dow Jones Industrial Average plummeted 2,230 points, or 5.5%, while the S&P 500 plunged 6%.<\/p>\n

The tech-heavy Nasdaq declined 5.8%. The decline put the Nasdaq into bear market territory, meaning the index has fallen more than 20% from its recent peak.<\/p>\n

The trading session on Friday marked the worst day for U.S. stocks since 2020. The second-worst day for U.S. stocks since 2020 happened on Thursday, a day earlier.<\/p>\n

ABC News’ Ellie Kaufman, Karson Yiu, Zunaira Zaki, Max Zahn and Hannah Demissie contributed to this report.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Key global stock markets tumbled upon opening on Monday as the world’s reaction to President Donald Trump’s tariffs campaign continued — and as U.S. futures signaled more turmoil for American markets. In the U.S., Dow Jones futures were down about 1,200 points or 3.33% on Monday morning. S&P 500 and NASDAQ futures were down about […]<\/p>\n","protected":false},"author":1,"featured_media":6389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-6388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-news"],"_links":{"self":[{"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/posts\/6388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/firearmman.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6388"}],"version-history":[{"count":1,"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/posts\/6388\/revisions"}],"predecessor-version":[{"id":6390,"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/posts\/6388\/revisions\/6390"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/media\/6389"}],"wp:attachment":[{"href":"https:\/\/firearmman.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/firearmman.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/firearmman.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}