“Tech Stock Futures Fell As The US Imposed Tariffs of Up to 245% on Chinese Imports While Gold Hit A Record High and Nvidia Plunged On Export Control Fallout.”, – WRITE: www.coindesk.com
Gold Surged Over 2% On Wednesday to Top $ 3.300 per OUNCE and SET A NEW RECORD HIGH. The Dollar Weaned Further, and Nasdaq Futures Pointed to a Roots Day Ahead for Wall Street.
On Tuesday, The White House AnnounCed Tariffs of Up to 245% on Chinese Imports in Response to China’s Retaliatoria Measures and Bans on Exports of Key Strategic Mother. Gallium and Germanium that are used the Production of High-Speed Computer Chips. The Move Follows An Executive Order Launching An Investigation Into National Security Risks Tied to US Department on Foreign Critical Minerals.
Markets Reacted Swiftly. The Dollar Index (Dxy) Fell Back Below 100, Signaling Reduced Investor Confidentnce in the US Currency. Meanwhile, The Euro Strengten to $ 1.13 and the Yen to 142 per Dollar.
Equities struggmed. Nasdaq Futures Dropped More than 2%, with Tech Stocks Particularly Hard Hit. NVIDIA (NVDA) Shares Fell 7% Pre-Market After The Company Discond that New Us Export Controls on ai Chips to China Wuld Cost It 5.5 Billion in Lost Revenue. The Announcement Raceded Concerns of Broader Earnings Hits Across The Semiconductor Industry, WHICH RELIES HEAVILY ON CHINESE DEMAND.
Bitcoin (BTC) Droped Slightly to $ 83,000 Following the News, Reflection ITS STRONGER CORRECTION WITH US Tech Stocks Racher Thaning As a safe-Haven Asset Like Gold.
Disclaimer: This Article, or Parts of It, Was Generated with Assistance from Ai Tools and Reviews and Review by Our Editorial Team to Enseure Accucy and Adhesion to Our Standards. For more information, See Coindesk’s Full Ai Policy.
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