亞洲市場在4月7日的大幅下降

投入：亞洲市場在4月7日的下降幅度大幅下降，香港的Hang Seng指數下降了13％以上。動盪影響了其他資產類別，包括比特幣，短暫低於75000美元。

Asian markets experienced significant declines on April 7, with Hong Kong’s Hang Seng Index plummeting over 13%. The turmoil affected other asset classes, including bitcoin, which briefly fell below $75,000.

亞洲市場在4月7日的幅度大幅下降，香港的Hang Seng指數下降了13％以上。動盪影響了包括比特幣在內的其他資產類別，這些資產幣短暫低於75,000美元。

China Sovereign Wealth Fund Intervenes

中國主權財富基金干預

Asian markets began the week of April 7 with steep drops across major indices. In the first few hours of trading, Hong Kong’s Hang Seng Index plunged more than 13%. Tech stocks Alibaba and Baidu led the decline, falling 17% and 14%, respectively, at the time of this report (1:30 a.m. EST).

亞洲市場於4月7日開始，主要指數急劇下降。在交易的最初幾個小時中，香港的Hang Seng Index跌幅超過13％。在本報告發佈時（美國東部時間上午1:30），科技股阿里巴巴和百度領先，分別下降了17％和14％。

The Hang Seng Index’s drop, described as its worst 24-hour decline since 2008, pushed the index more than 20% below its March peak. The rout, which a Reuters report said was the largest one-day decline since 1997, prompted China’s sovereign wealth fund to intervene. In mainland China, facing U.S. tariffs of over 50%, the key blue-chip index ended 7% lower.

自2008年以來，Hang Seng Index的下降被描述為其最差的24小時下降，將指數推高了3月的峰值20％以上。路透社報告稱，這一潰敗是自1997年以來最大的一日下降，促使中國的主權財富基金進行干預。在中國大陸，面臨50％以上的美國關稅，關鍵的藍籌指數低7％。

The plunge of Chinese markets followed Beijing’s decision to impose a 34% tariff on U.S. goods, a move that confirmed the start of a trade war between the world’s two largest economies. Many economists and observers fear the escalating trade war will worsen conditions for both countries. The trade war has also led some investment banks to increase the odds of a U.S. economic recession.

在北京決定對美國商品徵收34％關稅之後，中國市場的暴跌事件，這一舉動證實了世界上兩個最大經濟體之間的貿易戰開始。許多經濟學家和觀察家擔心，貿易戰不斷升級會使兩國的條件惡化。貿易戰還導致一些投資銀行增加了美國經濟衰退的機率。

Despite growing calls for de-escalation, top U.S. officials, including President Donald Trump, have refused to back down. Speaking to reporters on April 7, Trump insisted that imposing reciprocal tariffs was the right response to unfair trade practices by other countries.

儘管越來越多的呼籲降級，但包括唐納德·特朗普總統在內的美國高級官員拒絕退縮。特朗普在4月7日在4月7日對記者講話時堅持認為，對互惠關稅徵收的正確回應是對其他國家的不公平貿易做法的正確回應。

In Japan, the Nikkei index was down 8%, and the TOPIX Banks Index’s fall of more than 12% reportedly triggered circuit breakers on TOPIX futures. In Europe, the United Kingdom’s FTSE 100 index opened nearly 6% lower, and Germany’s DAX plunged almost 10% at the start of trading.

在日本，Nikkei指數下跌了8％，據報導，Topix Banks指數下跌超過12％，觸發了Topix Futures的斷路器。在歐洲，英國的FTSE 100指數降低了近6％，在交易開始時，德國的DAX下跌了近10％。

The turmoil also affected other asset classes, including bitcoin, which briefly fell below $75,000, its lowest since Nov. 8. Although the cryptocurrency rebounded to just over $77,000 at the time of this report, it remained only a few thousand dollars above its pre-U.S. election level of just under $70,000.

動盪還影響了包括比特幣在內的其他資產類別，這些資產幣短暫低於75,000美元，這是11月8日以來最低的。儘管在此報告時，加密貨幣反彈至77,000美元以上，但它僅超過其前US的選舉級別的數千美元，僅超過70,000美元。