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Asian stocks are in mourning, with 1,776 companies in Taiwan hitting the fall limit. China is considering stimulus measures to cope with the tariff impact.
On Monday, the Asia-Pacific market was turbulent, with the MSCI Asia-Pacific index experiencing its largest drop in 16 years. Due to concerns about the impact of the trade war on the global economy, Asian stock markets faced a big dump. In Taiwan, a total of 1,776 companies hit the limit down, with the weighted index falling 9.7%, breaking below last August's low point of 19,232 for yen arbitrage Close Position. The Japanese stock market fell for the third consecutive day, with Finance Minister Katsunobu Kato urging investors to remain calm. The USDJPY ( has plummeted from above 150 in early April to 145.82 as of the time of writing, with the yen appreciating by 1.5% in the past week, raising concerns about whether yen arbitrage Close Position trading will resume. Chinese stocks were not spared either, with reports indicating that Chinese policymakers are discussing stimulus measures to cope with the tariff impacts.
A total of 1,776 companies in the Taiwan stock market have fallen.
After the market closed last Thursday and Friday, Taiwan opened today with a big dump. The national treasure TSMC and MediaTek opened with their prices locked at the limit down, and a total of 1,776 stocks in the Taiwan stock market hit the limit down. The weighted index plunged by 2,085 points, down 9.7%, breaking the low point of 19,232 from the yen arbitrage close position last August.
Japanese stocks have fallen for three consecutive days, and the yen has surged 1.5% in a week.
After Trump announced the imposition of tariffs, the Japanese stock market fell for the third consecutive day. Japanese Finance Minister Katsunobu Kato urged investors to remain calm. He told reporters that he is closely monitoring market trends and stated that the instability of global financial and capital markets is intensifying.
Faced with the uncertainty of tariffs, the USDJPY ) has fallen from above 150 in early April to 145.82 before this report. In the past week, the yen appreciated by 1.5%, raising concerns about whether yen arbitrage Close Position trades will resume.
Chinese policymakers discuss stimulus measures to address tariff impacts.
According to Bloomberg, informed sources revealed that Chinese policymakers discussed measures over the weekend to stabilize the economy and markets in response to the impact of Trump's tariffs, including whether to accelerate stimulus plans to boost consumption, increase birth rates, provide subsidies for certain export products, and establish a stabilization fund to support the stock market.
This discussion comes as Beijing prepares to respond to the increasing impact of the escalating trade conflict between the two major economies in the world. On Friday, the Chinese government announced that starting from April 10, it would impose a 34% tariff on all products imported from the United States, which is consistent with the reciprocal tariff level imposed by Trump on Chinese products. The Beijing authorities also announced several other countermeasures, including an immediate restriction on the export of seven types of rare earth materials.
The Hong Kong Hang Seng Index fell by 12.3%, about to enter a pullback phase. The Shanghai-Shenzhen 300 Index dropped by more than 7%, reaching its lowest level since September.
In this article, Asian stocks are in despair, with 1,776 companies in Taiwan hitting the limit down. China is considering stimulus measures to cope with the impact of tariffs, first reported by Chain News ABMedia.