US Stocks Plummet for Third Straight Day: Dow Jones Suffers a 1200-Point Drop!

Global Market Fears Grow as US-China Trade Tensions Fuel Investor Concerns.

In a concerning trend, US stocks experienced their third consecutive day of significant declines, fueled by ongoing tensions and uncertainty surrounding international trade policies. According to reports from CNBC, the stance of US President Donald Trump on tariffs has intensified market anxieties, leading to a volatile trading session.

The Dow Jones Industrial Average, a key indicator of market performance, opened with a dramatic plunge of 1200 points, representing a 3.2% drop at the start of trading on the morning of March 7th, Eastern Time. This sharp decline underscores the heightened sensitivity of markets to policy announcements and geopolitical risks.

Further compounding the market's woes, the S&P 500 index saw a significant decline of 3.5%. CNBC analysis indicates that, should the S&P 500 close at these levels, it would represent a 20% drop from its February closing record high, thus entering what is often referred to on Wall Street as a "bear market." The Nasdaq Composite also felt the pressure, dropping by 3.7% and further deepening its descent into bear market territory.

The volatility in the US markets is being closely watched across the globe, including in Taiwan, where investors are monitoring the impact on global supply chains and the performance of major Taiwanese companies like TSMC.