Tariff war shocks global financial markets, US stocks, bonds and foreign exchange credit loss

Securities Times reporter Sun Lulu He Jueyuan

The global financial market is still in the midst of the aftershocks brought about by the US’s excessive tariffs. On the evening of April 21, Beijing time, the three major U.S. stock indexes all fell across the board, with a drop of more than 2% at one point. The Dow Jones Index fell by more than 8% in the past 20 days, while the Nasdaq Index fell by more than 10% in the past 20 days. The US dollar weakened against major currencies, the US dollar index fell below the 98 mark for a time, and spot gold rose above $3,400 per ounce.

The US's abuse of tariff policies is having a continuous impact on market confidence and expectations, and will have a "backlash" on the US's own economy. Many research institutions have issued warnings that the probability of the US economy falling into a recession this year has increased significantly, which will bring more drag on the performance of US financial assets, including US stocks.

Foreign capital is cautious in judging the prospects of US stocks

Although the plunge in US stocks, US bonds and US dollar indexes has eased in recent days, it has not yet emerged from the shadow of the so-called "reciprocal tariff" policy announced by the US government earlier this month.

The U.S. stock market is currently ushering in its financial report season, and the market is paying close attention to the outlook for U.S. stocks in the context ...
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