Sou Hu Cai Jing·2025-05-24 00:42Market Overview - US and European stock markets experienced a collective decline, with the S&P 500 down 0.67% to 5802.82 points, Nasdaq down 1% to 18737.21 points, and Dow Jones down 0.61% to 41603.07 points [1][2] - European markets also fell, with Germany's DAX down 1.54% to 23629.58 points, France's CAC40 down 1.65% to 7734.4 points, and the UK's FTSE 100 down 0.24% to 8717.97 points [2] US-China Stocks - Chinese concept stocks showed relative resilience, with the Nasdaq China Golden Dragon Index up 0.05% despite the overall market downturn [2] - Notable movements in individual Chinese stocks included Alibaba down 0.62%, JD down 1.01%, and Bilibili up 3.19% [3] Technology Sector - Major US tech stocks saw significant declines, with Apple down over 3%, Meta down over 1%, and Nvidia down over 1% [5] - The banking sector also faced declines, with Citigroup down 0.45% and Bank of America down 0.25% [5] Trade Policy Impact - President Trump announced plans to impose a 50% tariff on EU imports to encourage manufacturing relocation to the US, with a specific 25% tariff on non-US produced mobile phones [7] - This policy aims to boost US manufacturing and create jobs, with an expected investment of $14 billion from the US Steel Company partnership [7] Commodity Market - International oil prices strengthened, with WTI crude up 0.92% to $61.76 per barrel and Brent crude up 0.93% to $65.04 per barrel [9] - Gold futures rose by 1.9% to $3357.7 per ounce, while silver futures increased by 1.27% to $33.64 per ounce [9]