4E: "Black Monday" Strikes, Global Risk Assets Plunge

On April 7th, as per 4E monitoring, a tariff storm is sweeping across the globe. Market panic is widespread, and the sell-off of risk assets is intensifying. After a nearly 10% decline last week, US stock futures plummeted at the opening on Monday. S&P 500 and Nasdaq futures once fell by more than 5%. As of the time of writing, the declines have narrowed. The S&P 500 and Nasdaq have dropped by 2.39% and 3.17% respectively, while Dow futures have fallen by 2.42%. The Asia-Pacific stock market also experienced a sharp drop at the opening. The Nikkei Index plunged by 8.1%, the South Korean KOSPI Index fell by 5.14%, the three major A-share stock indexes all dropped by more than 4%, and the Hong Kong Hang Seng Index opened down by 9.28%. The cryptocurrency market witnessed a widespread plunge, closely following the performance of US stocks. Bitcoin traded in a narrow range around $83,000 over the weekend. However, early on Monday morning, it began to consecutively break through key support levels and touched a low of $77,100, hitting a nearly one-month low. Other major coins also plummeted. Ethereum fell by 13.5% to $1,580. The global cryptocurrency market capitalization shrank from $2.4 trillion to $2.16 trillion, a 10% decrease. The total liquidation amount in the past 24 hours across the entire network was $886 million. The market is in a state of extreme fear. The commodity market was also not spared. Spot gold fell below the $3,000 psychological mark and hit a low of $2,971. US oil dropped to $59.80 per barrel, down 12% from last week's high and hitting a new low since April 2021. eeee.com, as a financial trading platform supporting assets such as cryptocurrencies, stock indices, gold, and forex, recently launched a USDT stablecoin financial product with an annualized return rate of 8%, providing investors with a potential hedging option. 4E reminds you to be cautious of market volatility and to allocate your assets reasonably.