Finance

Hong Kong’s stocks close down 13.2%, the WORST drop since 1997

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On April 7, 2025, Hong Kong’s Hang Seng Index closed down 13.2%, marking its most significant single-day decline since the 1997 Asian financial crisis. This sharp drop was largely driven by escalating trade tensions between the U.S. and China, following China’s retaliatory tariffs in response to U.S. levies imposed under President Donald Trump. The sell-off […]

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Taiwan stock market trading halted, circuit breaker triggered

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The Taiwan stock market has halted trading due to a circuit breaker being triggered. This occurred after the benchmark index plummeted nearly 10% at the opening of the first trading session following a two-day market holiday. The sharp decline was largely attributed to new import tariffs announced by U.S. President Donald Trump the previous week,

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Japanese Prime Minister says he’s ready to visit the US to negotiate tariffs with President Trump

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As of today, April 7, 2025, reports indicate that Japanese Prime Minister Shigeru Ishiba has expressed readiness to visit the United States to discuss tariff issues with President Trump. This follows Trump’s implementation of significant tariffs on Japanese imports, including a 24% reciprocal tariff and a 25% tariff on automobiles, which have impacted Japan’s economy,

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India to negotiate a new and balanced trade deal with the US to avoid President Trump’s tariffs

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India is actively working to negotiate a new and balanced trade deal with the United States to mitigate the impact of President Donald Trump’s proposed tariffs. As of April 6, 2025, these tariffs, which include a baseline 10% levy on all imports and higher reciprocal rates—such as 26% on Indian goods—aim to address perceived trade

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Vietnam offers to remove all tariffs on US imports to avoid President Trump’s tariffs

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Vietnam has indeed made an offer to remove all tariffs on U.S. imports as a strategic move to avoid the steep 46% tariffs imposed by President Donald Trump on Vietnamese goods. This development follows a phone call on April 4, 2025, between Trump and Vietnam’s leader, To Lam, which Trump described as “very productive.” During

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Germany considers withdrawing 1200 tons worth of gold from a US Federal Reserve vault following new tariffs

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As of April 5, 2025, there have been reports suggesting that Germany is contemplating the withdrawal of approximately 1,200 tons of gold from a U.S. Federal Reserve vault in New York, potentially as a response to new tariffs imposed by the U.S. This gold, valued at around €113 billion (approximately $124 billion depending on exchange

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SEC: Stablecoins pegged 1:1 to USD, fully backed by liquid reserves, are now classified as non-securities

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The SEC’s decision to classify stablecoins pegged 1:1 to USD and fully backed by liquid reserves as non-securities is a green light for those specific stablecoins to operate without the heavy securities regulation baggage, which could streamline things for issuers like Circle (USDC) or Tether (USDT), assuming they meet the criteria. The SEC saying stablecoins

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“Bitcoin is becoming a store of value.” – Scott Bessent, Secretary of the U.S. Treasury

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Scott Bessent’s statement reflects a growing perspective among some financial experts and policymakers that Bitcoin is evolving into a “store of value”—a type of asset people hold to preserve wealth over time, like gold or real estate. This idea hinges on Bitcoin’s fixed supply (21 million coins), decentralized nature, and increasing adoption by institutions and

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President Trump said “This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates.”

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President Trump’s statement suggests he believes current economic conditions warrant a reduction in interest rates by the Federal Reserve, led by Chairman Jerome Powell. Interest rate cuts typically aim to stimulate economic activity by making borrowing cheaper, which can boost spending and investment. However, the decision to adjust rates lies with the Fed, which operates

President Trump said “This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates.” Read More »