Group 1 - The pressure from President Trump on the Federal Reserve and the resurgence of global trade tensions have heightened market risk aversion, leading to declines in emerging market stocks and currencies [1] - The Morgan Stanley Capital International Emerging Markets Index fell by 0.9%, ending a rally that had reached a three-year high, while the MSCI Emerging Market Currency Index dropped by 0.3%, with the South Korean won being a major contributor to the decline [1] - The Trump administration's announcement of new tariffs on the semiconductor and advanced technology sectors, along with export restrictions, has increased policy uncertainty [2] Group 2 - Trump's dismissal of Federal Reserve Governor Lisa Cook has intensified the power struggle between the President and the Fed, with Cook's legal team indicating plans to challenge the dismissal [3] - The market reacted to this event with a 0.3% drop in the dollar index, a 0.6% increase in gold prices, and rising long-term U.S. Treasury yields, reflecting investor concerns over increasing inflation pressures [3] - Major tech stocks in emerging markets, such as Alibaba and Tencent, experienced declines, while the South Korean won faced pressure due to a 15% tariff on goods and significant investment challenges from the U.S. [3] Group 3 - A high-level trade delegation from China, led by Vice Minister Li Chenggang, is set to visit Washington, signaling a potential thaw in U.S.-China trade relations [4] - This visit follows the Trump administration's recent decision to pause new tariffs on Chinese goods for 90 days, aiming to address several contentious issues [4] - Analysts view the Chinese delegation's visit as a positive sign for potential agreements between Trump and Xi Jinping, contingent on progress in trade negotiations [4]
白宫干预美联储叠加贸易摩擦升级 新兴市场资产承压
智通财经网·2025-08-26 11:26