💥【US stocks big dump & new round of tariff storm】

The US market faces a double blow:
On one side, trade tensions are rising again, while on the other side, technology stocks and Chinese concept stocks are collectively experiencing a big dump.

🇺🇸 The President of the United States announced that starting next month, an additional 100% tariff will be imposed on imported goods from China, and plans to implement export controls on key software.
He accused Beijing on social media of "becoming very hostile," claiming that China is trying to make the whole world "its captive," and hinted at possibly canceling the scheduled leaders' meeting.

📉 As soon as the news broke, the three major U.S. stock indices fell across the board, with the S&P 500 plunging 2.7%, marking the largest single-day fall since April.

Big tech stocks have almost all suffered a big dump:
Broadcom fell nearly 6%, Tesla fell over 5%, Amazon fell over 4%, Apple and Meta fell over 3%, Microsoft and Google fell over 2%, NVIDIA experienced a big dump of nearly 5%, and the market value evaporated overnight by $228.7 billion (approximately 1.63 trillion yuan).

🔻 The semiconductor and cryptocurrency sectors lead the fall:
The Philadelphia Semiconductor Index experienced a big dump of 6.32%, Circle fell over 11%, Arm fell over 9%, AMD and Coinbase fell over 7%, while Kioxia and Micron fell over 5%.

💣 Chinese concept stocks also suffered a heavy fall:
The Nasdaq China Golden Dragon Index fell by 6.1%, Kingsoft Cloud dropped over 10%, NIO, Baidu, Alibaba, and Xiaopeng all fell over 8%, and JD.com dropped over 6%.
💬 Market analysts point out:

"The combination of trade tensions and policy uncertainty has led to a sharp rise in investor panic. The issues of rare earths and chips may become the focus of the next round of negotiations."
🧩 The two sides were scheduled to meet again during this month's Asian summit, but the outlook is currently unclear.
Although the new export regulations will not officially take effect until December, the market has clearly reacted in advance.

#美股暴跌 tariffs #稀土 China-US relations #贸易战 Tesla #英伟达 Nasdaq #宏观经济 global market #DesertTeahouse