GreenergyDaily

Apr. 7, 2025

1. Asian equity markets sank across the board on Monday as investors feared that the duties unveiled last week could lead to higher prices, weaker demand, and potentially a global recession.

2. The Shanghai Composite Index closed down 7.34% and fell below 3,100 points today, while the Shenzhen Component Index and the ChiNext Index plunged 9.66% and 12.5%, respectively. More than 3000 companies fell to their daily limit.

3. The renewable energy sector was no exception, with solar, wind, and related stocks tumbling sharply. The Wind Photovoltaic Index plunged nearly 12%, marking its lowest point since September 2024.

4. Hong Kong’s Hang Seng Index tumbled 13.22% in its worst day since 1997, a dramatic plunge that erased all of this year’s gains.

5. After stocks in the Chinese mainland and Hong Kong cratered on Monday, state media reported that China's sovereign fund was stepping in to try and stabilise the market.

6. Japan's Nikkei sank 7.8% to hit lows last seen in late 2023, while South Korea dropped 5%. Shares in Taiwan plummeted almost 10%, the biggest one-day percentage fall on record.

7. Speaking to reporters aboard Air Force One on Sunday, U.S. President Donald Trump indicated he was not concerned about losses that have wiped out trillions of dollars in value from world stock markets.

8. "I don't want anything to go down. But sometimes you have to take medicine to fix something," he said.