Chinese and Taiwanese Markets Plummet as US Tariffs Trigger Financial Shakeup

On April 7, 2025, Chinese and Taiwanese stock markets experienced sharp drops following new tariffs imposed by the US. The combined impact led to a significant market correction across Asia. Notably, China’s stock market plummeted 10% at opening, while Taiwan’s Taiex index fell 9.8%. This situation has sparked comparisons with the 2008 financial crisis as analysts highlight potential vulnerabilities in the Asian economic landscape.