The global markets are again under pressure following an escalation in American trade tensions, investors, investors fleeing paradise and technological actions taking a blow.
Gold jumped more than 2% on Wednesday to exceed $ 3,300 per ounce and set a new record. The dollar has weakened more and the term contracts on the NASDAQ stressed a difficult day for Wall Street.
On Tuesday, the White House announced prices of up to 245% on Chinese imports in response to reprisal measures in China and the prohibitions of key strategic materials, including rare elements of land, gallium and Germanium which are used the production of high -speed computer chips. This decision follows an executive decree launching an investigation into national security risks linked to American dependence on foreign critical minerals.
The markets reacted quickly. The dollar index (DXY) has returned below 100, signaling a reduction in investor confidence in the American currency. Meanwhile, the euro has strengthened at $ 1.13 and Yen at 142 for a dollar.
Actions were struggling. The term contracts on the NASDAQ fell by more than 2%, with particularly affected technological actions. NVIDIA (NVDA )’s shares fell 7% before the market after the company revealed that new US export controls on AI fleas to China would cost it $ 5.5 billion in income loss. The announcement has raised wider concerns of success in the semiconductor industry, which is based strongly on Chinese demand.
Bitcoin (BTC) fell slightly at $ 83,000 after the news, reflecting its stronger correlation with stocks of American technologies rather than acting as an active asset like gold.
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