US Tariff Policy Sends Shockwaves Through Global Markets: US Stocks, Oil, Precious Metals, and Cryptocurrencies Plummet

US Tariff Policy Sends Shockwaves Through Global Markets: US Stocks, Oil, Precious Metals, and Cryptocurrencies PlummetThe global financial market turmoil sparked by US tariff policy continues to intensify, impacting multiple markets worldwide. Early Monday in Asian trading, US stock index futures, crude oil futures, cryptocurrencies, and precious metals all experienced sharp declines, with market panic spreading

US Tariff Policy Sends Shockwaves Through Global Markets: US Stocks, Oil, Precious Metals, and Cryptocurrencies Plummet

The global financial market turmoil sparked by US tariff policy continues to intensify, impacting multiple markets worldwide. Early Monday in Asian trading, US stock index futures, crude oil futures, cryptocurrencies, and precious metals all experienced sharp declines, with market panic spreading.

US stock markets extended last week's losses, further fueling investor anxiety. Last week saw a nearly 10% decline in US equities, and Monday's early trading showed no respite, with losses widening. Nasdaq futures fell over 5%, while S&P 500 futures dropped more than 4%. This indicates heightened concerns about the US economic outlook, leading investors to sell off stocks to mitigate risk. The continued downtrend suggests a lack of market confidence and diminished expectations for future economic growth, resulting in decreased risk appetite. This panic selling further accelerates the market's downward momentum.

The crude oil market also suffered, continuing last week's decline. Crude oil futures fell 10% last week, and on Monday morning, WTI crude oil futures fell below $60 per barrel for the first time since April 2021, experiencing an intraday drop of 4%. This exacerbates concerns about a global oversupply of energy. The plunge in oil prices is attributed not only to the US tariff policy but also to slowing global economic growth and downward revisions in future energy demand expectations. As a crucial industrial raw material and energy source, oil price volatility directly impacts the global economy.

The precious metals market was also hit, with gold and silver prices falling. Spot gold fell 1% to $3008.30 per ounce. Spot silver experienced a more significant drop, falling as much as 3% in early trading to $28.5 per ounce. Silver prices plummeted 13% last week, indicating a weakening interest in precious metals as safe haven assets. Typically, during market turmoil, gold and silver prices rise as safe havens. However, the decline in precious metal prices suggests that investor pessimism about the future economic outlook outweighs risk aversion, reflecting severely weakened market confidence.

The copper futures market also wasn't spared, with COMEX copper prices falling over 8% at one point, highlighting the impact of slowing global economic growth on commodity demand. Copper, a vital industrial metal, is often considered an indicator of economic health. This sharp decline in copper prices further confirms market anxieties about global economic growth.

The cryptocurrency market also suffered in this global market crash. Bitcoin and Ethereum fell 5% and 10%, respectively, with other cryptocurrencies experiencing widespread significant declines. This demonstrates that the cryptocurrency market is also affected by US tariff policy and downward pressure from the global economy. The cryptocurrency market is known for its high volatility and is susceptible to various factors, including market sentiment, regulatory policies, and the macroeconomic environment. This downturn again underscores the high-risk nature of the cryptocurrency market.

In conclusion, the negative impacts of US tariff policy are continuing to spread, sending shockwaves through global financial markets and triggering sharp declines in US stocks, oil, precious metals, and cryptocurrencies. Market panic persists, and investor confidence is low. Future market trends remain highly uncertain, requiring close monitoring of policy changes and global economic developments. This market crash serves as a reminder for investors to exercise caution, rationally assess risk, and avoid blindly following trends. In a climate of heightened global economic uncertainty, diversification and robust risk management are crucial. Global financial markets face significant challenges, and investors need to closely monitor market dynamics and prepare for various risks.