Trump's Tariffs Trigger Market Mayhem: Dow Plunges, TSMC ADR Hit!

Trade War Fears Slam US Stocks, Impacting Global Giants and Taiwan's Tech Titan.

The specter of an escalating trade war, fueled by President Trump's comprehensive imposition of tariffs, has sent shockwaves through global markets, significantly impacting the economic outlook. On a turbulent day, U.S. stocks experienced a dramatic sell-off, with the Dow Jones Industrial Average plummeting by over 1,500 points in early trading. The S&P 500 also suffered a considerable blow, declining nearly 4% and poised for its largest single-day drop in over two and a half years, resulting in a market capitalization loss of approximately $1.7 trillion.

The Dow Jones Index saw a precipitous decline of 1,495.18 points, or 3.54%, reaching 40,730.14 points during early trading on the 3rd. The S&P 500 experienced a similar downturn, falling by 3.91% to 5,449.14 points, while the Nasdaq Composite Index followed suit with a 4.89% decrease. The shares of multinational corporations also took a hit. Nike's stock tumbled by over 13%, while Apple declined by over 9%. Furthermore, Nvidia and TSMC (Taiwan Semiconductor Manufacturing Company) ADRs faced losses of approximately 5.1% and 5.6%, respectively.