讀後心得

The Dow Jones Industrial Average fell by 2231.07 points on Friday, marking a decline of over 1500 points for two consecutive days. The drop was triggered by U.S. President Trump's tariff policy, which sparked retaliation from China, further intensifying global economic worries. The S&P 500 and Nasdaq also experienced declines of 5.97% and 5.82%, respectively, representing the largest drops since 2020, with a total market value evaporating by $5 trillion in just two days. Among tech stocks, Apple plummeted by 7.29%, NVIDIA dropped by 7.36%, and Tesla fell by 10.42%. Trump's tariff policy has faced international opposition, and China's Ministry of Commerce announced a 34% tariff on U.S. products. Despite investor disappointment, Trump insisted that his policies would not change.

The Dow Jones Industrial Average fell 2231.07 points on Friday, marking the first time in two consecutive days of declines exceeding 1500 points, following a drop of 1679 points on Thursday.

U.S. President's tariff policy has impacted the global economy, with mainland China imposing new tariffs on U.S. goods in retaliation, leading to rising investor concerns that the President's trade policies could spark a global trade war and economic recession, resulting in a second consecutive day of heavy losses for the U.S. stock market.

• The Dow Jones Industrial Average fell 2231.07 points, or 5.5%, closing at 38,314.86 points on Friday.
• The S&P 500 index declined by 4.84% on Thursday and fell another 5.97% on Friday, recording its largest drop since March 2020, down over 17% from its recent peak, with a market value loss of $5 trillion in two days.
• The Nasdaq Composite dropped nearly 6% on Thursday and fell 5.82% on Friday, entering a bear market. The Philadelphia Semiconductor Index fell by 7.6%.

In Friday's trading, technology stocks performed particularly poorly:

• Apple Inc.'s stock plummeted by 7.29%, bringing the weekly decline to 13%.
• NVIDIA fell by 7.36%.
• Tesla slid down by 10.42%.

These three companies are significantly impacted by their business in mainland China, becoming some of the hardest-hit firms by retaliatory tariffs. Additionally, TSMC's ADR plummeted 6.72%, closing at $146.80.

In the wake of strong international opposition, the equal tariff policy announced by Trump on Wednesday has drawn attention. The Chinese Ministry of Commerce stated on Friday that it would impose a 34% tariff on all U.S. products, leaving investors who hoped for negotiations with Trump disappointed.

Trump took to social media on Friday, emphasizing that his "policies would never change." At the close of U.S. markets on Friday, the Dow Jones Industrial Average dropped 2231.07 points, or 5.5%, closing at 38,314.86 points; the Nasdaq fell by 962.82 points, or 5.82%, closing at 15,587.79 points; the S&P 500 dropped by 322.44 points, or 5.97%, closing at 5,074.08 points; and the Philadelphia Semiconductor Index fell by 296.03 points, or 7.6%, closing at 3,597.66 points.