The S&P 500 Index futures fell more than 3% at open, as investors shifted into risk-off mode globally and Asian equity markets began to decline. In New Zealand, the benchmark stock index dropped 2.6%, marking its lowest point since December. This marks a potential entry for the S&P 500 Index into a technical correction, which may also be seen in other Asian markets today.
Source: https://www.bloomberg.com/news/live-blog/2025-04-06/markets-react-to-us-tariffs-china-retaliation