讀後心得

The Dow Jones Industrial Average fell by 2231.07 points on Friday, marking a two-day decline of over 1500 points, as U.S. tariff policies triggered a global economic impact. China retaliated by imposing new tariffs on American goods, causing investors to worry that the trade war could lead to an economic recession. The S&P 500 and Nasdaq indices were similarly hit hard, declining by 5.97% and 5.82%, respectively. Technology stocks such as Apple, Nvidia, and Tesla were the most affected, with TSMC's ADR tumbling by 6.72%. Trump's tariff policy has faced strong international opposition, but he stated that the policy will not change.

The Dow Jones Industrial Average fell by 2231.07 points on Friday, marking the first time since it dropped 1679 points on Thursday that there have been consecutive days of declines exceeding 1500 points.

The tariff policies of the U.S. President have impacted the global economy, prompting mainland China to announce new tariffs on U.S. goods in retaliation. This has raised investor concerns about the possibility of a trade war leading to an economic recession, resulting in a two-day plunge in the U.S. stock market. The Dow Jones Industrial Average closed on Friday with a decline of 5.5% at 38,314.86 points, marking the first time it has declined over 1500 points for two consecutive days. The S&P 500 index decreased by 4.84% on Thursday and fell another 5.97% on Friday, reaching its largest drop since March 2020, now down over 17% from recent highs, with $5 trillion in market value evaporating in just two days. The Nasdaq index dropped nearly 6% on Thursday and fell another 5.82% on Friday, officially entering bear market territory, while the Philadelphia Semiconductor Index also plunged by 7.6%.

On Friday, technology stocks led the decline, with the iPhone manufacturer's stock price plummeting 7.29%, a total drop of 13% for the week. AI leader Nvidia fell by 7.36%, and electric vehicle manufacturer Tesla saw a significant drop of 10.42%. These three companies have substantial business operations in China, making them particularly hard-hit by Beijing's retaliatory tariffs. Additionally, TSMC's ADR tumbled 6.72%, closing at $146.80.

The reciprocal tariff policy announced by Trump on Wednesday faced strong opposition from the international community. The Chinese Ministry of Commerce stated on Friday that it would impose a 34% tariff on all U.S. products, disappointing investors who had hoped for negotiations with Trump before retaliatory measures were implemented. Trump appeared resolute, stating on his social media platform on Friday that his "policies will never change."

At the close of trading on Friday, the performance of U.S. stocks was as follows: The Dow Jones Industrial Average fell by 2231.07 points or 5.5%, closing at 38,314.86 points; the Nasdaq index dropped by 962.82 points or 5.82%, closing at 15,587.79 points; the S&P 500 index decreased by 322.44 points or 5.97%, closing at 5,074.08 points; the Philadelphia Semiconductor Index fell by 296.03 points or 7.6%, closing at 3,597.66 points.