欧洲投资者对美股胃口缩减，长期脱钩或拉开序幕

Core Viewpoint - Concerns are rising on Wall Street regarding the potential withdrawal of European investors from the U.S. stock market due to Trump's hostile rhetoric towards Europe, which could impact the largest buyer group of U.S. equities [1] Group 1: Investor Sentiment - European investors are increasingly seeking to diversify their exposure to U.S. equities, with a notable acceleration in this trend observed recently [1] - The trend of European investors wanting to reduce their U.S. stock holdings began in April 2025 but has intensified in the current week [1] Group 2: Market Impact - European investors hold approximately $10.4 trillion in U.S. equities, with over half of this amount held by investors from eight countries threatened by Trump's proposed tariffs [1] - European investors account for 49% of the total foreign ownership of U.S. stocks, indicating a significant potential impact on the market if they decide to sell [1] Group 3: Advisory Trends - Fund managers across Europe, from London to Berlin to Madrid, are receiving increasing inquiries from clients about reducing their U.S. asset holdings due to ongoing threats and insults from Trump [1]