China stock market ended lower due to trade war concerns, global markets down

From Nasdaq: 2025-04-06 21:04:00

The China stock market ended a two-day winning streak ahead of a holiday, with the Shanghai Composite Index slightly above 3,340 points. Global markets are down due to trade war concerns after China announced retaliatory tariffs on U.S. goods in response to new levies by President Trump. The SCI closed lower on Thursday due to losses in resource and insurance companies. Wall Street experienced heavy losses, with the Dow dropping 5.50 percent, NASDAQ falling 5.82 percent, and the S&P 500 plunging 5.97 percent. Federal Reserve Chair Powell warned that tariff increases will have significant economic effects. Crude oil prices hit a three-year low due to trade war fears.



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