The Chinese stock market opened with substantial losses on Monday, April 7th, as global equity markets experienced a wave of volatility. This triggered a widespread sell-off across Asia, as investors sought refuge in less risky assets like bonds and gold. The Shanghai Composite index dropped approximately 6.34%, trading around 3,130.17 points during the Asian session. Hong Kong’s Hang Seng Index also suffered significant losses, dropping about 10.70% to trade around 20,404 points. This decline in China’s stock market is expected to significantly impact Western financial markets. The European Union is anticipated to announce retaliatory tariffs against the US in response to last week’s trade war measures, potentially further dampening global equity markets. As a result, major U.S. indexes like the Dow, S&P 500, and Nasdaq are expected to see further declines today. Experts anticipate significant selling pressure on Wall Street, with traders bracing for intensified volatility.