From Stocktwits: 2025-04-03 05:40:00

Asian markets closed mostly lower on Thursday, with Japan’s Nikkei 225 Index plunging 2.77% to an eight-month low. The U.S. announced reciprocal tariffs, with Japan facing a 24% rate. Tariffs of 34% on China and 32% on Taiwan were also revealed, affecting U.S. tech giants’ supply chain. European stocks opened lower after a 20% tariff for EU imports. Dollar weakness, falling oil prices, and lower U.S. Treasury yields reflected recession concerns. Index futures dropped significantly, with the Dow Jones down 2.25% and the Nasdaq 100 down 3%. Retail traders leaned bearish, with 42% looking to short stocks.



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