4E: "Black Monday" hits, global risk assets plunge

On April 7th, according to 4E monitoring, the tariff storm swept the world, the market panic was pervasive, and the wave of risk asset selling intensified. After falling nearly 10% last week, US stock futures opened sharply on Monday. The S & P 500 and Nasdaq futures fell by more than 5% at one point. As of press time, the decline narrowed, falling 2.39% and 3.17% respectively, and the Dow futures fell 2.42%. Asia-Pacific stock markets also opened sharply, with the Nikkei index plunging 8.1%, South Korea's KOSPI index falling 5.14%, the three major stock indexes of class A share fell by more than 4%, and Hong Kong's Hang Seng index fell 9.28%.
Cryptocurrences across the board tumbled performance highly synchronized with US stocks. Bitcoin rallied in a narrow range near the 83,000 over the weekend. It began to fall below key support in the early morning of Monday, hitting a minimum of $77100, setting a low of nearly a month. Other mainstream coins also fell sharply. Ethereum fell 13.5% to $1580, and the total global crypto market value shrank from $2.40 trillion to $2.16 trillion, down 10%. The whole network has liquidated positions in the past 24 hours for $886 million. The market is in a state of extreme panic.