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Below is a summary of global financial news as of March 29, 2025:

US Market Dynamics

• US stocks plummet: On Friday (28th), all three major US stock indices fell sharply, with the Nasdaq index dropping nearly 3%, mainly impacted by inflation data and upcoming tariff policies.

• Core PCE price index rises: The US core personal consumption expenditures (PCE) price index rose 2.8% year-on-year in February, higher than the expected 2.7%, indicating persistent inflationary pressure.

Corporate Dynamics

• General Motors stock price drops: Due to the impact of automotive tariff policies, General Motors (GM) shares plummeted by 7%, as investors expressed concerns over future profitability.

• Musk's xAI acquires platform X: Elon Musk's artificial intelligence company xAI has acquired the social platform X for $45 billion in an all-stock transaction, aiming to advance the development of its AI model Grok.

Asian Market and Policy

• TSMC expands US investment: TSMC plans to build a third semiconductor factory in Arizona and seeks support from the US government to expedite construction.

Other Important News

• US President warns automakers: Reports indicate that US President Trump has warned domestic automakers not to respond to tariffs by raising prices, emphasizing strict enforcement of tariff policies.

Please note that the above information is for reference only, and investors should make cautious decisions based on their own circumstances.