Tariffs Temporarily Reverse Yen's Trajectory, Market Awaits Central Bankers
Benzinga·2025-10-13 12:31
Last week marked an incredible contrast for risk assets. Early in the week, equities shrugged off the US government shutdown to reach new highs, only to flash crash on Friday when President Donald Trump announced 100% tariff hikes on Chinese imports and called China’s rare earth controls “hostile.” The result was the worst weekly loss for major indices since late May, as the Dow Jones went down as much as 2.7%. With the U.S. government shutdown halting key data releases, equities traded on positioning and h ...