South Korea · Hong Kong · China · Japan · Donald Trump · Bitcoin · CoinDesk
Asian stocks tumble, bitcoin retreats as China enters bear market
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Asian stocks tumbled on Thursday, with Chinese equities entering a bear market as technology shares sank and rising oil prices compounded investor concerns.
Key facts
- Bitcoin BTC $84.459,46 gave up its advance above $84,000, retreating toward $82,000
- Gold fell more than 1% to below $4,100 an ounce, while silver dropped over 3.5% to around $55
- Japan’s Nikkei 225 fell around 3%, South Korea’s Kospi dropped 3.5%, Taiwan’s benchmark lost 2% and Hong Kong’s Hang Seng declined 3%
- The Cboe Volatility Index, or VIX, jumped 10% to around 18, roughly 30% above September’s low
Summary
China’s CSI 300 enters bear market territory, while stocks in Japan, South Korea and Hong Kong fall around 3% or more. Bitcoin retreats toward $82,000 as gold and silver decline, while rising oil prices add to market pressure. The CSI 300, which tracks the 300 largest stocks traded in Shenzhen and Shanghai, slid 2%, taking the decline from June’s peak to 20%. Chinese technology shares traded in Hong Kong faced their worst session since President Donald Trump’s April 2025 “Liberation Day” tariff announcement, ’s David Ingles.