Summary
- It was reported that the global financial market is losing trust in US assets.
- Due to China's tariff increase, S&P500 futures fell, indicating a collapse of US assets.
- It was stated that a rapid move away from the dollar could occur.
There is an assessment that the global financial market is losing trust in US assets.
According to Walter Bloomberg on the 9th (local time), George Saravelos, a foreign exchange strategist at Deutsche Bank, stated, "After China raised tariffs on US goods from 34% to 84%, S&P500 futures fell," and added, "Stocks, bonds, and the dollar, US assets, are collapsing, which means the market is losing trust in US assets." He further stated, "This could lead to a rapid move away from the dollar."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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