Last night, the capital market experienced a "major earthquake"!
The Dow Jones opened up 300 points, then plummeted 1,100 points; the S&P 500 index lost $1.5 trillion in market value; the cryptocurrency market was also not spared, shrinking by nearly $300 billion!
All of this surprisingly originated from a press conference...
1. TSMC's $100 billion investment, the market panicked!
Trump announced that TSMC would invest $100 billion in the U.S. to build five factories and create thousands of jobs.
It sounds like good news, but the market fears this will exacerbate regional tensions, directly triggering a sell-off!
2. New trends in international relations
Meanwhile, a certain country's government has stopped funding weapons for a certain region and plans to ease restrictions on another country.
This move was interpreted as favoritism towards a certain country, further worsening the already deadlocked regional situation!
3. Tariff policies trigger turbulence
Trump also announced a 25% tariff increase on several countries and imposed new tariffs on imported agricultural products and countries with "currency devaluation."
More severely, the tariff on a certain major country was raised directly from 0% to 20%!
This series of actions completely panicked the market, causing U.S. stocks to evaporate $1.5 trillion instantly!
4. Cryptocurrency market strategic reserves "pie in the sky"?
Previously, Trump announced plans to establish strategic reserves for cryptocurrencies such as SOL, XRP, and ADA, causing a market surge.
But this time at the press conference, he mentioned nothing, leading the market to have serious doubts about his commitment.
BitMEX founder Arthur Hayes bluntly stated: "A certain institution has no money to buy cryptocurrencies; this is just empty talk!"
Summary:
A press conference stirred the global capital market.
Trump's policy "combination punch" caused both the U.S. stock market and the cryptocurrency market to crash simultaneously, resulting in heavy losses for investors.
What will happen next? Can the cryptocurrency strategic reserves still be realized?
Let's wait and see!