Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
U.S. stocks closed mixed Tuesday as tech stocks rallied ahead of President Donald Trump’s upcoming tariff announcement. The S&P 500 climbed 0.4%, the NASDAQ rose 0.9%, while the Dow Jones Industrial Average dipped 11 points.
Despite Tuesday’s gains, major indexes posted losses in Q1 2025. The S&P 500 dropped nearly 5%, the NASDAQ plunged over 10%, and the Dow fell about 2%.
President Trump is expected to unveil sweeping reciprocal tariffs at 3:00 p.m. ET on April 2, effective immediately. These may include a flat 20% tariff, a tiered system, or country-specific rates. The move, dubbed “Liberation Day,” includes a 25% tariff on auto imports starting April 3 and ends duty-free exemptions for small packages from China. Goldman Sachs raised its U.S. recession risk to 35%, citing the potential economic hit from tariffs and a projected 15% average tariff rate.
Economic data reinforced investor caution. February’s JOLTS report showed job openings fell to 7.568 million, slightly below expectations and down nearly 900,000 year-over-year. Meanwhile, the ISM Manufacturing Index declined to 49.0 in March, signaling contraction and hitting a four-month low.
Tech stocks led the market, with Tesla gaining 3% ahead of its Q1 delivery update. Analysts expect weak results due to cooling demand, rising competition, and CEO Elon Musk’s political ties to Trump. Brand issues and delays in new model rollouts also weighed on sentiment.
In earnings news, PVH surged 18% after beating Q4 estimates, while Progress Software jumped over 12% on strong results and guidance. Johnson & Johnson dropped 7.6% after a judge blocked its $10B talc settlement plan. Newly public Newsmax soared 183% on Tuesday, continuing its meme stock momentum after a 735% debut.
