Group 1 - The U.S. stock market experienced a broad increase, with the Dow Jones rising by 0.76%, the S&P 500 by 0.77%, and the Nasdaq by 1.04% [1] - Bitcoin saw a decline of 1%, briefly falling below $63,000, while gold prices dropped nearly $100, failing to maintain the $5,200 level [1] - The market is shifting from a "tense state" to a "wait-and-see state," indicating a downgrade of risk rather than a complete risk removal [6] Group 2 - Trump's new tariff policy is expected to raise temporary tariffs from 10% to 15%, which may result in some EU tariffs exceeding the levels allowed by the U.S.-EU trade agreement [3][4] - Japan has requested assurances from the U.S. that its treatment under the new tariff regime will not be worse than the current agreement [5] - The correlation between gold and U.S. stocks has changed, with gold potentially reverting to its role as a "safe-haven asset" rather than a "liquidity asset" [2]
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Jin Rong Jie·2026-02-25 00:03