(8 Apr 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Hong Kong – 8 April 2025
1. Wide of exterior of Hong Kong Stock exchange building
2. Mid of electronic board and ticker-tape showing the benchmark Hang Seng Index
3. SOUNDBITE (English) Francis Lun, CEO of Geo Securities:
++STARTS ON SHOT 2++
"The market rebounded today, mainly a technical rebound because the market was over-sold yesterday. Hang Seng Index lost more than 3000 points, so there’s some short covering and then some bottom fishing. But the overall outlook is still negative."
4. Wide of electronic board
5. SOUNDBITE (English) Francis Lun, CEO of Geo Securities:
++STARTS ON SHOT 5++
"After the market digested this sad news, I think the market will resume falling again. And this is a Trump-created market crash and it will lead to a recession.
ASSOCIATED PRESS
Tokyo, Japan – 8 April 2025
6. Wide of Tokyo Stock Exchange opening
7. Pan of screen
ASSOCIATED PRESS
Seoul, South Korea – 8 April 2025
1. Various of KOSPI (Korean Composite Stock Price Indexes) displayed on screens inside the Hana Bank dealing room
STORYLINE:
Asian shares advanced Tuesday, led by gains in Tokyo where the Nikkei 225 shot up just over 6% as markets calmed somewhat after the shocks from U.S. President Donald Trump ’s tariff hikes.
Hong Kong recovered some lost ground too, but not anything close to the 13.2% dive Monday that gave the Hang Seng its worst day since 1997, during the Asian financial crisis.
The Hang Seng gained 1.6% to 20,140.78, while the Shanghai Composite index jumped 0.9% to 3,124.77.
Stock analyst Francis Lun thinks the rebound is only temporary.
"After the market digested this sad news, I think the market will resume falling again," Lun said.
South Korea’s Kospi gained 2%.
That result was attributed to an inflow of individual investors’ buying.
Markets in Thailand and Indonesia tumbled, however, as they reopened after holidays.
The rebound for most other regional markets followed a wild day on Wall Street, where stocks careened after Trump threatened to crank his double-digit tariffs higher.
AP video shot by: Alice Fung, Yong Jun Chang, Akaya McGill
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