讀後心得

On April 5, 2025, after U.S. President Trump announced comprehensive tariff measures, the U.S. stock market plunged for the second consecutive day. The Dow Jones Industrial Average fell by 2,231 points, a decrease of 5.5%, closing at 38,314.86 points. The Nasdaq index dropped by 962.82 points, or 5.82%, entering a bear market. The S&P 500 index also fell nearly 6%. China’s retaliatory measures against the U.S. raised concerns among global investors, leading to a market capitalization loss of about $6 trillion. DuPont China’s stock price plummeted by 12.7% due to allegations of violating antitrust laws. Tech giants like Apple, NVIDIA, and Tesla also experienced significant declines, severely undermining investor confidence.

On April 5, 2025, after the U.S. President announced comprehensive tariff measures, the U.S. stock market suffered severe losses for the second consecutive day, leading to a gloomy market sentiment. According to Reuters, the U.S. stock market plummeted again on April 4 due to the impact of these measures, with the Dow Jones Industrial Average falling over 2,200 points, and the Nasdaq index declining nearly 6%, entering a bear market. On April 2, Trump imposed a 34% tariff on China, prompting the Chinese government to retaliate with an equivalent 34% tariff on U.S. imports. Global investors are worried about the escalation of the trade war between the two major economies, concerned that the risk of a recession in the U.S. economy is increasing, which led to continued sharp declines in the three major U.S. stock indices on Friday. The market recorded two consecutive days of declines exceeding 1,500 points, with a total market capitalization evaporation of about $6 trillion (approximately NT$198.6 trillion). The Dow Jones Industrial Average broke through the 40,000 and 39,000-point thresholds in succession, closing down 231 points on Friday, or 5.5%, at 38,314.86 points.

As of April 5, reports show that the Nasdaq index dropped by 962.82 points, a decline of 5.82%, closing at 15,587.79 points, down 22% from its peak last December. According to Wall Street standards, a decline of over 20% from recent highs signifies entering a bear market. The S&P 500 index also experienced a significant drop, nearing 6%, declining by 322.44 points, closing at 5,074.08 points. Additionally, China's State Administration for Market Regulation has announced an investigation into DuPont China Group for suspected violations of the Anti-Monopoly Law, resulting in a 12.7% plunge in its stock price. Among the seven major tech giants in the U.S. stock market, Apple and Nvidia saw their stock prices drop by over 15% combined in two days, while Tesla's decline reached 10%, all three companies having deep business ties with the Chinese market.

• The impact of Trump's tariff shock continues, creating tension in the U.S. stock market.
• The General Administration of Customs in China has announced export controls on seven types of rare earth materials.
• China will also impose a 34% tariff on U.S. goods starting April 10.