讀後心得

European stock markets fell sharply last Friday, with bank stocks performing the worst, mainly due to China's escalation of tariffs on the U.S. in retaliation, heightening global trade tensions and increasing market risk aversion. The Euro Stoxx 600 index closed down 5.12%, with all sectors declining, and the banking sector index dropping 8.43%. Other major indices, such as the UK FTSE 100, France's CAC40, and Germany’s DAX, fell by 4.95%, 4.26%, and 4.95%, respectively. Although market sentiment was low, U.S. job growth in March exceeded expectations, providing some confidence to investors. In terms of individual stocks, Adidas and LEG Immobilien saw slight gains, while Kering and SYD Bank experienced significant declines.

European stock markets experienced a decline last Friday, with banking stocks becoming the main bearish indicators, affecting the overall market performance. In response to China's retaliation against U.S. tariffs, the global trade war has intensified, significantly increasing risk-averse sentiment in the market. The Dow European Stoxx 600 index closed at 496.33 points, a drop of 26.79 points or 5.12%. All 20 industry sectors in this index fell, with banking stocks performing the worst, decreasing by 8.43%. Additionally, the energy sector index and the commodity sector index fell by 7.15% and 7.86%, respectively.

Major European stock markets generally declined, with the UK's FTSE 100 index down 4.95% during trading; the French CAC40 index fell by 4.26%; Germany's Frankfurt DAX index dropped by 4.95%; Spain's IBEX35 index decreased by 5.83%; while Sweden's OMX Stockholm benchmark index reduced by 4.11%.

A trading executive stated that investment portfolios need to be adjusted at any time to cope with the economic recession in multiple countries. Previously, the U.S. was hit hardest in the market sell-off, and now it’s Europe's turn. Despite this, the latest data showed that U.S. job growth in March surpassed expectations, providing some comfort to the market. A senior manager at an asset management company believes that if the data turns out to be very bad, it would indicate that uncertainty in government policies has begun to impact expectations of an economic recession.

In terms of individual stock performance, Adidas' stock price rose slightly by 0.54%; LEG Immobilien's stock price increased by 1.14%; however, Kering Group's stock price fell by 11.69%; and SYD Bank's stock price also dropped by 12.00%.