格隆汇APP·2025-10-11 11:55Core Viewpoint - The article discusses the significant market downturn triggered by Trump's announcement of a 100% tariff on Chinese goods, leading to a sharp decline in major stock indices and concerns about the upcoming market reactions in Hong Kong and A-shares [3][8][20]. Market Reaction - The Nasdaq index fell over 3%, marking its largest single-day drop since April, with major tech stocks like TSMC, Tesla, and Nvidia experiencing declines of over 5% [9][10]. - Chinese stocks were particularly hard hit, with the Nasdaq Golden Dragon China Index dropping over 6% [10]. - European markets also saw declines, with the Euro Stoxx 50 index down 1.75% [10]. Commodity and Asset Movements - Oil prices plummeted, with WTI crude down over 4.24% and Brent crude down 4.62% [10]. - Bitcoin experienced a significant drop, falling over 13% to a low of $104,920, while Ethereum dropped over 17% [10]. - In contrast, safe-haven assets like gold rose over 1%, surpassing $4,000 per ounce, and the yield on the 10-year U.S. Treasury fell to 4.034% [13]. Tariff Implications - The announcement of the 100% tariff is reminiscent of the market turmoil seen in April, where the Shanghai Composite Index experienced a drop of nearly 9% [16]. - The article highlights the potential for significant market volatility if no positive developments occur before the opening of the domestic markets [20]. Sector Performance - The article provides a table showing sector performance in response to previous tariff announcements, indicating varying impacts across sectors such as consumer goods, utilities, and technology [18]. - It notes that sectors with high export exposure, like consumer electronics and power equipment, may be particularly vulnerable to tariff impacts [17]. Future Outlook - The article suggests that unless there are significant positive developments, the domestic stock market is likely to face a substantial correction [20]. - It emphasizes the importance of monitoring the evolving situation regarding tariffs and potential negotiations between the U.S. and China [29][30]. Investment Opportunities - The article identifies potential investment opportunities in sectors that may benefit from domestic policy support, such as semiconductor equipment, high-end manufacturing, and military-related industries [31]. - It also mentions the appeal of high-dividend blue-chip stocks and sectors less affected by tariffs, such as essential consumer goods and agriculture [32].