- 8:30 pm PST. MARKET CRISIS DEEPENING. Hang Seng falls 9.96% while HSI Volatility Index surges 43.63%. Nikkei stabilized at -6.48% after earlier -7.56% drop. What began as Japanese banking stress has become full regional contagion. Asian markets now facing their worst session since March 2020.Apr 7, 2025 03:29