The Chinese stock market has just experienced its worst day since the 2008 financial crisis, as if the 'financial nuclear bomb button' was pressed:
Hong Kong stocks plummeted 2000 points in early trading, ultimately falling nearly 13%; the CSI 300 directly broke below 7%; even the RMB exchange rate plummeted to a low, hitting a new yearly low against the US dollar!
🧨Fuse: US-China Tariff Escalation!
The situation began when Trump swung his axe again, imposing tariffs on China, with the total tariff amount exceeding 50%. Beijing immediately retaliated with a 34% increase. This round of 'mutual trade war' directly ignited market panic.
Experts bluntly say: This is not a policy, this is a financial-grade earthquake!
💥It's not just China that is collapsing!
Hong Kong blue-chip stocks: Banks and tech stocks were smashed to pieces, Alibaba and Tencent dropped over 8%, Foxconn discounted by 10%.
Korean and Japanese stock markets all plunged: Nikkei index dropped nearly 8%, Nintendo and Samsung both fell sharply.
Australia and India are both down: Australian stock market fell over 4%, Australian dollar plunged 6%; India couldn't hold up either, with Nifty crashing nearly 5%.
The market is simply like someone hit the pause button, the exchange temporarily halted trading, and the global scene is a sea of green devastation.
📉Who Will Foot the Bill? Global Consumers!
As the Australian dollar drops, import prices rise, and Australians begin to stock up on daily necessities; the Asian tech supply chain is in a state of despair, and future electronic products may see a surge in costs.
Even the American public is starting to feel anxious, while Trump still boldly states: 'Unless they send money, there won't be any reduction in tariffs.'
🤯Summary: This is not an adjustment, this is a reshuffle!
This sudden stock market crash is not just about numbers plummeting, but a major capital bloodbath. History has proven that in a financial crisis, it's not about who falls the least, but who dies the slowest.
