Hightlight Notes
- ๐ Global stock markets are facing severe declines due to Trump's tariff policies, labeled as a "black Monday."
- ๐ India's Sensex plummeted over 2200 points, with investors losing around 150 billion dollars in one day.
- ๐ Major Asian markets also suffered, with Tokyo's Nikkei dropping over 8% and Taiwan's stock index almost 10%.
- โธ๏ธ Circuit breakers were triggered in Japan and Taiwan, pausing trading to prevent further panic selling.
- ๐ฆ Hong Kong's Hang Seng index had its worst decline since 1997, dropping 13%.
- ๐จ๐ณ China's sovereign wealth fund intervened to stabilize markets by purchasing shares.
- ๐ Trump's imposed tariffs are affecting both allies and adversaries, especially in Asia, which relies heavily on exports.
- ๐ฐ Tariff rates on Asian countries vary, with China facing the highest at 54%.
- ๐ฎ U.S. banks like Goldman Sachs and JP Morgan forecast an increasing probability of a recession, attributing it to tariff policies.
- ๐ Billionaire hedge fund manager Bill Ackman suggests a 90-day pause on tariffs to allow for negotiations.
- ๐ก๏ธ Jamie Dimon of JP Morgan warns that tariffs could raise prices for American consumers.
- โ Investors are urging Trump for a climb down from tariffs to stabilize markets, but White House denies rumors of a pause.
- ๐ Since Trump's inauguration, U.S. stocks have lost over $11 trillion in value due to ongoing market volatility.