“极度”风险厌恶下的恐慌性抛售

Market Overview - European stocks experienced significant declines, with the Euro Stoxx 600 index dropping 5.1% and multiple markets reaching multi-month lows due to trade war concerns stemming from U.S. tariffs and China's strong countermeasures[3] - The U.S. stock market saw a sharp drop, with the Dow Jones Industrial Average falling 5.5% to close at 38,314.9 points, marking its largest single-day decline since the COVID-19 pandemic[13] Economic Indicators - U.S. non-farm payrolls increased by 228,000 in March, exceeding expectations, while the unemployment rate rose slightly to 4.2%[13] - The U.S. Federal Reserve Chairman Jerome Powell indicated that new tariffs could have a more significant economic impact than anticipated, suggesting no immediate interest rate adjustments[8] Commodity Markets - Oil prices hit a nearly four-year low, with WTI crude oil falling 7.4% to $61.99 per barrel, driven by concerns over global economic slowdown due to tariff policies[29] - Gold prices also declined, with a drop of 2.7% to $3,012.0 per ounce, following a retreat from historical highs[29] Currency Movements - The U.S. Dollar Index rose by 0.9% to 103.02, reflecting a stronger dollar against other currencies amid rising trade tensions[28] - The Australian dollar fell sharply by 4.6% against the U.S. dollar, indicating broader currency weakness in response to global economic concerns[28] Sector Performance - All 11 sectors of the S&P 500 index declined, with energy and financial sectors leading the losses at 8.7% and 7.4%, respectively[13] - In the Asian markets, the Thai Stock Exchange Index dropped 3.2%, while the Singapore Straits Times Index fell 3.0%, reflecting regional market reactions to U.S. tariff announcements[24]