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As soon as the customs duties issue came out, the global market exploded!
As soon as the Tokyo stock market opened in the morning, it fell to trigger a circuit breaker and paused trading, while shares of giant Samsung in South Korea directly hit the lower limit, prompting the exchange to urgently pull out trillions of won to stabilize the market.
The new energy stocks in China are the worst, with CATL dropping nearly 10% in one day, and the RMB exchange rate has also reached a new low in several years.
It's more exciting over in Europe; German chemical giant BASF saw its stock price drop by 12% in one day, and the boss sent a letter overnight saying they need to reconsider the hundred billion project invested in China. The stock price of LV's parent company in Paris plummeted, and the CFO lost his voice during a conference call, saying that sales in the China region were directly halved. The London Metal Exchange is even more exaggerated, with a fund using a computer program to sell $730 million worth of copper futures in just 11 seconds, which caused the system to crash.
Wall Street in the United States isn't doing much better; Tesla's stock price has fallen below $150, and a Saudi billionaire dumped $750 million worth of shares in one go. The bond market is in chaos, with professional traders saying that this volatility is scarier than the 2008 financial crisis. The worst off are the cryptocurrency traders, as Bitcoin dropped below $51,000 in a single day, and a large holder secretly transferred over 20,000 Bitcoins to the exchange to sell off, causing the entire network to experience a liquidation of $5.8 billion.
Insiders are all panicking - a Hong Kong investment bank mogul said that 15% of funds were redeemed by clients in just two hours, Swiss private banking clients would rather take a 25% loss to cash out immediately, and Singapore traders are complaining in groups that everything they buy is dropping, and they can only hold cash and wait for the storm to pass.
Central banks around the world are also taking action; Japan is buying stocks madly, Switzerland suddenly cut interest rates, and financial institutions in the Federal Reserve area are desperately hoarding cash.
The most critical issue now is that there is a "retroactive clause" hidden in the U.S. tariff details, which requires tariffs on cars using Chinese batteries. The supply chains that global car manufacturers have built over the past five years will all have to be rebuilt from scratch. Veteran traders say this is unprecedented; it’s not just an ordinary rise and fall, but a complete reshuffling of the global economy!