On April 7, 2025, the US stock market opened with mixed performance. The major indices showed varied movements, reflecting the market's uncertainty.

In terms of industry concepts, the US panic index ETFs saw a significant rise, with ProShares Ultra VIX Short-Term Futures ETF up 16.74%, Cboe Volatility Index up 11.12%, and iPath Series B S&P 500 VIX Short-Term Futures ETN up 10.59%. Conversely, the US retail stocks experienced a notable decline, with Nike falling 4.59% due to the impact of new tariffs.

Taiwan Semiconductor Manufacturing dropped 6.57% as the Taiwan stock market opened with a sharp decline of over 9%, nearing the 10% limit down, heavily impacting major stocks like TSMC and Hon Hai.

Alibaba saw a significant drop of 8.17% amid the turmoil in the tech sector, which is experiencing substantial volatility. The ongoing trade war has introduced significant uncertainty to the tech stock market.

Nike fell 4.59% following the announcement of new tariffs by the US on several countries, including Cambodia, Vietnam, and Thailand. With over 35% of its production capacity in Vietnam, Nike is expected to raise prices to cope with the increased tariffs.