Core Viewpoint - The article discusses the significant increase in average effective tariff rates in the U.S., reaching 18.3%, the highest in 91 years, and its potential impact on consumer prices and the economy [1][2][3]. Group 1: Tariff Rates and Economic Impact - As of July 31, the average effective tariff rate on U.S. imports is 18.3%, marking the highest level since 1934 [2]. - The tariff policy is projected to reduce the U.S. GDP growth rate by 0.5 percentage points annually in 2025 and 2026, and increase the unemployment rate by 0.3 percentage points by the end of 2025 and 0.7 percentage points by the end of 2026 [2]. - Consumers may face a 40% increase in shoe prices and a 38% increase in clothing prices in the short term, with long-term projections of a 19% increase for shoes and a 17% increase for clothing [2]. Group 2: Market Reactions and Predictions - The U.S. stock market experienced a significant drop, with a total market value loss exceeding $1 trillion, attributed to rising tariff concerns and poor employment reports [1][5]. - Analysts predict that the additional tariffs, combined with weak employment data, may lead to further declines in the S&P 500 index in August [3]. Group 3: Export License Delays - The U.S. export licensing agency is reportedly near paralysis due to internal chaos, resulting in thousands of export license applications being stalled, the worst backlog in over 30 years [6]. - Delays in license approvals are putting U.S. companies at a competitive disadvantage globally and raising concerns among businesses seeking overseas sales opportunities [6]. Group 4: International Trade Relations - The U.S. has imposed new tariffs on 69 trading partners, with rates ranging from 10% to 41%, affecting various countries differently [4][5]. - Despite threats from the U.S. regarding oil imports from Russia, India has not altered its purchasing strategy, continuing to buy Russian oil [7].

Group 1 - The KOSPI index in South Korea experienced a significant drop, falling over 3.7% in early trading, with a current decline of 2.95% [1] - The South Korean won briefly fell below the 1400 mark against the US dollar for the first time since May 19 [4] - The USD/KRW exchange rate showed an increase to 1,398.86, up by 6.79 (+0.49%) [3][6] Group 2 - The US announced a 15% "reciprocal tariff" rate on South Korea and Japan, impacting trade relations [6] - The trading volume in the KOSPI was reported at 580 million shares, with a fluctuation of 1.16% [8] - The A-share market showed mixed results, with the Shanghai Composite Index turning down while the Shenzhen Component and ChiNext Index rose, with over 2900 stocks increasing [10]

Market Performance - On July 7, the Istanbul Stock Exchange National 100 Index fell by 1.64%, closing at 10,107.68 points [1] - The Istanbul Stock Exchange Banking Index also declined by 1.64%, ending at 15,561.20 points [1] - The Turkish Lira depreciated by 0.30% against the US Dollar, approaching the psychological threshold of 40 Lira [1] Political and Legal Developments - On July 5, mayors from the cities of Adana, Adıyaman, and Antalya were detained by police on charges of organized crime, bribery, and collusion in bidding [1] - The Turkish stock index experienced a significant drop from 10,802.23 points to 8,872.75 points between March 18-24 due to actions taken by President Erdoğan against opposition [1]

Core Viewpoint - The market is expected to experience significant movements in the near future, with potential increases in oil prices, declines in stock markets, and rises in gold prices [1] Group 1 - The outlook for U.S. Treasury yields is uncertain, marking a notable change for long-term market observers [1]

Core Viewpoint - The Governor of the Bank of England, Bailey, expressed concerns regarding the rise in U.S. bond yields, the weakening of the dollar, and the decline in stock markets, noting that the U.S. government has responded in each case [1] Group 1 - The increase in U.S. bond yields is a significant concern for the Bank of England [1] - The depreciation of the dollar is another factor that raises alarms for the financial stability [1] - The downturn in stock markets is also a point of worry, indicating potential economic instability [1]

Market Performance - The Asia-Pacific stock markets experienced widespread declines, with the Nikkei 225 index falling by 1.66% to 37,335.70 points, where 124 stocks dropped over 1% and only 7 stocks rose over 1% [1] - The Korean Composite Index decreased by 0.16% to 2,693.22 points, with 251 stocks declining over 1% and 134 stocks increasing over 1% [1] - The Australian S&P 200 index fell by 0.19% to 8,419 points, while the New Zealand market was closed due to a holiday [2] Sector Performance - In the Hong Kong market, the Hang Seng Index dropped by 1.77%, with the Hang Seng Technology Index expanding its decline to 2% [2] - The pharmaceutical, real estate, and energy sectors in Hong Kong showed significant declines, with Meizhong Jiahe falling over 14% and Stone Four Pharmaceutical Group dropping nearly 11% [2] - The FTSE China A50 index futures saw an increased decline of 2% [3] Commodity Performance - Gold prices opened higher, with COMEX gold surpassing the $3,300 mark [4]

Core Viewpoint - The investment strategist Michael Hartnett from Bank of America has maintained a bearish outlook on the stock market since the beginning of 2025, expressing concerns that fear and panic regarding the market will persist even if the trade war initiated by President Trump dissipates [1] Summary by Relevant Categories - **Market Sentiment** - There is an expectation that the phenomenon of stock market recovery will fade [1]

美国股市延续跌势，纳指下跌1%。 ...

日经225指数跌幅0.17%，报34220.60点。韩国KOSPI指数收盘跌幅0.07%，报2486.64点。 ...