Phoenix Technology News On April 7, Beijing time, Trump's tariff policy continued to impact global stock markets. Technology stocks in China and Japan fell sharply at the opening Monday.

Japanese stock market opened first, with Nintendo and Sony falling by more than 10%. Nintendo previously announced that it would postpone the pre-sale of the new-generation console Switch 2 in the United States to assess the potential tariff impact. Since most of Nintendo's Switches are assembled in China and Vietnam, the console may be hit hard by US tariffs.

Sony's stock price plummeted 10%

Sony's stock price plummeted 10%

Except for Nintendo and Sony, the stock prices of Japan's Rakuten Group and SoftBank Group both fell by more than 12%. Japanese companies that rely on exports fell even more, such as Advantest and Disco, a chip manufacturing supplier.

Alibaba's stock price plummeted 12%

Alibaba's stock price plummeted 12%

After the Hong Kong stock market opened on Monday, Chinese technology stocks also fell collectively. As of press time, Xiaomi fell 9.15%, Tencent fell 8.28%, Alibaba fell 12.06%, Meituan fell 8.61%, Kuaishou fell 12.81%, Ideal Auto fell 10.97%, Baidu fell 10.54%, Xiaopeng Motors fell 11.83%, Lenovo fell 14.65%, and JD.com fell 10.83%. (Author/Xiao Yu)

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