{"id":121278,"title":"What happened overnight – Thursday 3rd April 2025","publisher":"Share Talk","author":"sharetalk","published":"2025-04-03T06:33:00+00:00","modified":"2025-04-03T06:33:00+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-thursday-3rd-april-2025/","markdown_url":"https://www.share-talk.com/what-happened-overnight-thursday-3rd-april-2025.md","json_url":"https://www.share-talk.com/what-happened-overnight-thursday-3rd-april-2025.json","category":"B2B","categories":["B2B","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["AI-focused","Asia","Asia-Pacific index","Asian market","Asian markets","Asian trading","Bank of England","Bank of Japan","Bank of New York","Beijing","bond market","Brent Crude","china","chips","currency","Dow Jones","European Union","Federal Reserve","Hong kong","India","Jakarta","Japan","JP Morgan","Manila","Nikkei","Nvidia","Russia","semiconductor","Sensex","Seoul","shanghai","Shenzhen Composite Index","Singapore","South Korea","Sydney","Taipei","Treasury yields","U.S. bond market","U.S. dollar","U.S. stocks","U.S. Treasury","US recession","USA","Wall Street","Wellington","White House"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/03/overnight.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"**Asian Markets Slide After Trump Announces Major Tariff Hikes**\n\nAsian stock markets slumped after former U.S. President Donald Trump announced significant increases in tariffs on imports from around the globe.\n\nTokyo’s Nikkei 225 briefly dropped 4% before closing down 3.3% at 34,566.36, with automotive and banking stocks leading the decline. Mitsubishi UFJ Financial Group plunged 8.3% as the newly announced 24% tariffs raised concerns over Japan’s export-reliant economy and dampened expectations of further interest rate hikes by the central bank. Mizuho Financial Group fell 9.2%, while Sony lost 5.6% and Toyota slipped 6.3%.\n\nSouth Korea, facing a 25% tariff, saw its benchmark Kospi index fall 1.1% to 2,478.49.\n\nIn Hong Kong, the Hang Seng index dropped 1.9% to 22,776.00, while mainland China’s Shanghai Composite edged 0.2% lower to 3,342.39.\n\nYeap Junrong, a market strategist at IG, described the announcement as a “major shock,” highlighting that China was hit particularly hard with an additional 34% tariff—bringing its total tariff burden to 64% when previous measures are included.\n\nElsewhere in the region, Australia’s S&P/ASX 200 declined 0.9% to 7,859.70. In Thailand, the SET index lost 1% following the imposition of a 36% tariff on Thai exports to the U.S."}