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Trump Pauses 'Reciprocal' Tariffs, but Hits China Harder
Market manipulation? Trump calls on investors to buy U.S. stocks: now is a good time to enter the market!
① The USA President Trump openly suggested investors to Buy US stocks on Wednesday; ② Those who followed his advice indeed reaped significant rewards that day, as just a few hours after issuing the 'Buy' call, he postponed some 'reciprocal tariffs,' triggering a strong market rebound; ③ On retail investor forums in the USA, some investors questioned his actions, considering it equivalent to market manipulation.
What happened in the 18 hours that changed the Global market?
At 9:33 AM on Wednesday, Trump posted to urge everyone to "stay calm" and stated that "now is a good time to Buy"; at noon, Trump held a meeting with the Secretary of Commerce and the Secretary of the Treasury to discuss the latest tariff policies; at 1:18 PM, Trump announced a delay in the tariffs. In the subsequent press conference, Trump mentioned that he had been considering a change in direction over the past few days, ultimately deciding that it was "possibly reached this morning."
Options Market Statistics: NVIDIA Surges 18% After Trump Administration Backs Off 'H20' Chip Crackdown; Options Pop
Wall Street Soars As Trump's 90-Day Tariff Pause Triggers Biggest Rally Since 2008
The US temporarily suspends some tariffs, leading to a major rebound in gold, Copper, and oil, with the NASDAQ rising over 12%, significant increases in Chinese stocks and the renminbi, and a rise and fall in the yield of ten-year US Treasury bonds.
The Magnificent 7 rose at least nearly 10%, with Tesla up nearly 23%. The ten-year U.S. Treasury yield increased by more than 20 basis points during the session but retraced gains after Trump's speech. Following Trump's announcement of tariffs, the Mexican peso rose over 3% during the session, while the offshore Chinese yuan briefly rebounded over 800 points, breaking 7.35. Bitcoin surged by over 8000 USD, approaching the 0.083 million mark; the session saw gold futures rise over 4%, and copper rose nearly 8%.
