Today (April 4th), the Tariff Commission of the State Council, the Ministry of Commerce, and the General Administration of Customs successively released multiple countermeasures against the US.
Following China's series of counterattacks, US stock futures plummeted. By 8:00 PM Beijing time, Dow Jones futures, Nasdaq 100 Index futures, and S&P 500 Index futures all fell more than 3%. Bloomberg commented that the plunge in US stock futures foretells another day of significant decline on Wall Street.
Tesla and Intel fell about 5% in pre-market trading. As technology stocks accelerated their declines, traders rushed into safe-haven markets, with the 10-year US Treasury yield falling below 3.90%, the lowest level since before the US presidential election.
Guy Miller, chief market strategist at Zurich Insurance, said, "If Trump does not intend to retract what he has said, then frankly speaking, economic growth will slow significantly, and therefore bond yields will also fall significantly."
This article is an exclusive contribution from Guancha Observer, unauthorized reproduction is prohibited.
Source: https://www.toutiao.com/article/7489434611477398035/
Disclaimer: The views expressed in this article are those of the author alone, and you can express your opinions by clicking the 'like' or 'dislike' buttons below.