Today's News Update - 7th April 2025 Asia On Friday, Japanese stocks led regional losses after steep declines on Wall Street following U.S. President Trump's tariffs. Australia's S&P/ASX 200 fell 2.44%, entering correction territory with an 11% drop from February's peak. Japan's Nikkei 225 dropped 2.75%, down 20% from July's high, while the Topix fell 3.37%. Hong Kong and China markets were closed for the Qingming Festival. US All three major indices experienced sharp declines. The S&P 500 slid 4.84%, entering correction territory at 5,396.52. The Dow Jones Industrial Average sank 1,679.39 points, or 3.98%, to 40,545.93, while the Nasdaq Composite dropped 5.97%, settling at 16,550.61, marking its steepest fall since March 2020. Commodity Gold dropped over 3% on Friday, erasing earlier gains as investors sold bullion to cover losses from a broader market decline fueled by trade tensions and recession fears. Spot gold fell 2.9% to $3,024.20, down 1.9% for the week, while U.S. gold futures dropped 2.8% to $3,035.40. U.S. oil prices also fell to their lowest levels since 2021, with West Texas Intermediate crude dropping more than 6% to $62.72 per barrel, following a 6.6% drop on Thursday. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex