A.M. Edition for April 7. Declines in global markets are snowballing into one of the worst routs in recent memory, with Hong Kong’s benchmark index recording its worst trading day in decades and the S&P 500 now poised to follow the NASDAQ into bear-market territory. The WSJ’s Peter Landers and Katy Barnato survey the damage and explain how big names on Wall Street are beginning to push back. Plus, reporter Hannah Miao breaks down how China is responding to U.S. tariffs as it stares down a major hit to its growth forecasts if it can’t find buyers for its exports. Luke Vargas hosts.

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