Trump’s Tariffs, Global Market Chaos: Is This the New Black Monday?

Nikkei, Sensex, Taiwan crash, Bitcoin gets crushed, Bill Ackman wants a timeout and Jim Cramer's "not going to panic". Welcome to tariff tantrum week. Are we looking at another Black Monday?When Tariffs Attack: From Sensex to the Nikkei and BeyondIf you logged into your brokerage app today and screamed, you weren’t alone. Global markets were sucker-punched overnight as Donald Trump’s latest round of tariffs sent a shockwave across Asia and beyond. The Sensex? Smashed. The Nikkei? Nuked. The China stock market? Coughing up red candles like it swallowed a firecracker.The Nikkei is down -8% right now.-8%. pic.twitter.com/rSQsema3Yq— Spencer Hakimian (@SpencerHakimian) April 7, 2025Let’s start with the Sensex, India’s benchmark index, which tanked 2,500 points in a single session—its biggest drop in over a year. Traders are calling it the “Modi Meltdown,” but the real blame lies elsewhere. Across the East China Sea, the Nikkei 225 collapsed by around 8%, its worst daily loss since the early days of COVID. And in China, investors braced for what some financial pundits are already dubbing "Black Monday 2.0."Bloodbath in #StockMarketIndia #stockmarketcrash #Nifty #Sensex pic.twitter.com/pJ0bhHnRcb— Dinesh Balasundaram (@dineshbala89) April 7, 2025It’s not just equities. Taiwanese authorities scrambled to stabilize their bourse, promising more support if the bloodbath continues. Spoiler alert: it will. According to Reuters, Taiwan’s financial regulators announced it would impose temporary curbs lasting all this week on short-selling to help deal with the tariff-induced market. Panic, but quiet panic.China’s Ugly Monday: It’s All About Confidence (Or Lack Thereof)Let’s zero in on China for a second, because if there’s one country that hates losing face, it’s the one that just got hit with another round of U.S. tariffs. Beijing announced 34% tariffs on all imports from the US and stocks of Chinese companies listed in the US fell by 8.9% on Friday. The China stock market opened to what local analysts are calling an “ugly Monday,” with sectors like tech and exports taking the brunt of the damage.When Donald Trump intentionally crashes the stock market, you don’t call it Black Monday. It’s Orange Monday. pic.twitter.com/LHCzYq7FN3— Piyush Mittal

Apr 7, 2025 - 07:30

Trump’s Tariffs, Global Market Chaos: Is This the New Black Monday?

Nikkei, Sensex, Taiwan crash, Bitcoin gets crushed, Bill Ackman wants a timeout and Jim Cramer's "not going to panic". Welcome to tariff tantrum week. Are we looking at another Black Monday?

When Tariffs Attack: From Sensex to the Nikkei and Beyond

If you logged into your brokerage app today and screamed, you weren’t alone. Global markets were sucker-punched overnight as Donald Trump’s latest round of tariffs sent a shockwave across Asia and beyond. The Sensex? Smashed. The Nikkei? Nuked. The China stock market? Coughing up red candles like it swallowed a firecracker.

The Nikkei is down -8% right now.-8%. pic.twitter.com/rSQsema3Yq— Spencer Hakimian (@SpencerHakimian) April 7, 2025

Let’s start with the Sensex, India’s benchmark index, which tanked 2,500 points in a single session—its biggest drop in over a year. Traders are calling it the “Modi Meltdown,” but the real blame lies elsewhere. Across the East China Sea, the Nikkei 225 collapsed by around 8%, its worst daily loss since the early days of COVID. And in China, investors braced for what some financial pundits are already dubbing "Black Monday 2.0."

Bloodbath in #StockMarketIndia #stockmarketcrash #Nifty #Sensex pic.twitter.com/pJ0bhHnRcb— Dinesh Balasundaram (@dineshbala89) April 7, 2025

It’s not just equities. Taiwanese authorities scrambled to stabilize their bourse, promising more support if the bloodbath continues. Spoiler alert: it will. According to Reuters, Taiwan’s financial regulators announced it would impose temporary curbs lasting all this week on short-selling to help deal with the tariff-induced market. Panic, but quiet panic.

China’s Ugly Monday: It’s All About Confidence (Or Lack Thereof)

Let’s zero in on China for a second, because if there’s one country that hates losing face, it’s the one that just got hit with another round of U.S. tariffs. Beijing announced 34% tariffs on all imports from the US and stocks of Chinese companies listed in the US fell by 8.9% on Friday. The China stock market opened to what local analysts are calling an “ugly Monday,” with sectors like tech and exports taking the brunt of the damage.

When Donald Trump intentionally crashes the stock market, you don’t call it Black Monday. It’s Orange Monday. pic.twitter.com/LHCzYq7FN3— Piyush Mittal