Why Crypto Market is Down? Tariff News Today, Stock Market Crash, Asian Market Today

Live blog content goes here…

​On April 9, 2025, China’s CSI 300 Index declined by 1.2%, the Shanghai Composite Index decreased by 1.1%, and Hong Kong’s Hang Seng Index dropped 3.1% as the U.S. prepared to implement 104% tariffs on Chinese imports. This development intensified the ongoing trade conflict between the two nations, leading to increased market volatility. Investors expressed concern that these tariffs could further strain global economic conditions, prompting a shift away from riskier assets. The heightened trade tensions have contributed to significant fluctuations in global financial markets.

​On April 9, 2025, Japan’s Nikkei 225 index dropped over 3% to 32,010.93, mirroring Wall Street’s decline amid escalating U.S.-China trade tensions. The broader Topix index also fell 3% to 2,360.32. Technology stocks were notably impacted; Advantest declined by 9%, Tokyo Electron by 4.85%, and SoftBank Group by 5.96%. Investors are increasingly concerned that the impending 104% U.S. tariffs on Chinese imports could slow global economic growth.

Bitcoin dropped sharply below $75,000, losing 6% in a day as Asian and global stock markets fell due to new U.S. tariffs on Chinese imports. Japan’s Nikkei 225, Australia, South Korea, and others saw big losses. The S&P 500 and Nasdaq also dropped. The crypto market saw $400 million in liquidations, mostly from long positions. Bitcoin’s long-short ratio flipped, showing bearish sentiment. Investors are pulling out of risky assets, fearing more market turmoil as U.S.-China trade tensions rise.