(31 Mar 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Hong Kong – 31 March 2025
1. Flags of China and Hong Kong outside Hong Kong Exchange building
2. Electronic ticker-tape showing benchmark Hang Seng Index down 259 points to 23,166 points on Monday afternoon
3. SOUNDBITE (English) Francis Lun, CEO of Geo Securities:
+PART OVERLAID BY SHOTS 2 & 4++
"The market is still on a downward spiral, because Donald Trump’s tariffs are causing anxiety in the market. People fear inflation, and also, recession. I think the import tariff is hurting everyone, particularly American consumers. It’s not doing anybody any good."
4. Exteriors of Hong Kong Exchange building
STORYLINE:
Global shares slumped on Monday, with benchmarks in Tokyo and Taiwan falling more than 4%, while the price of gold hit a record high, trading at $3,154 an ounce.
Investors have pulled back and sought traditional safe havens like gold as worries build over a potentially toxic mix of worsening inflation and a slowing U.S. economy because households are afraid to spend due to the deepening trade war that has escalated under U.S. President Donald Trump.
The future for the S&P 500 sank 1%, while that for the Dow Jones Industrial Average dropped 0.7%.
European markets opened lower.
Britain’s FTSE 100 slid 1% to 8,576.54, and France’s CAC 40 declined 1.1% to 7,829.09.
Germany’s DAX fell 1.1% to 22,222.99.
Stock markets worldwide appear shaky as a Wednesday deadline approaches for more tariffs.
Trump has dubbed it “Liberation Day,” when he will roll out tariffs tailored to each of the United States’ trading partners.
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