Draft for your Weekly Market Highlights titled "Liberation Day" Tariffs Hit Markets is available here: ---

**Weekly Market Highlights**

[Insert Date]: [Week Ending] This week, the announcement of new tariffs on the symbolic "Liberation Day" in [relevant country/region] rekindled geopolitical tensions, sending markets reeling. Global equities, commodities, and currencies all experienced sharp volatility as a result of the policy change, which was widely regarded as strategic economic retaliation. **Equities Drop on Concerns About Trade** Major indices ended the week lower as investors digested the potential fallout of the fresh tariffs. The tech and industrials sectors, which are both highly susceptible to trade disruptions, led the declines in the S&P 500, which fell 2.1%, and the Nasdaq, which fell 2.9%. The Hang Seng Index fell more than 4% as a result of concerns about supply chain realignments, which was felt across Asian markets. The bond yields a retreat. Flight-to-safety sentiment drove demand for U.S. Treasuries, resulting in a drop of 3.85% in the 10-year yield, the lowest level in nearly two months. The slight steepening of yield curves is a reflection of the growing uncertainty surrounding inflation and policy adjustments made by the central bank in response to potential pressures on import costs. **Mixed Commodities** Oil prices climbed modestly, supported by concerns over shipping disruptions and potential sanctions. Brent crude finished the week at $89.50 per barrel, an increase of 1.7%. In the meantime, demand for safe havens and risk-averse sentiment pushed gold above $2,300/oz. **The Currency Markets Respond Quickly** The DXY rose to 104.7 as the U.S. dollar strengthened against most major peers. The Chinese yuan and Korean won weakened sharply, reflecting investor anxiety over potential retaliatory actions and economic fallout in the region.

**Looking Ahead**

Markets will be closely watching diplomatic developments and any signs of de-escalation. Key data next week include U.S. CPI, ECB policy guidance, and Q1 earnings from several multinational heavyweights that could provide insight into trade-exposed sectors.

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