ASIA BLEEDS RED WITH WALL STREET AS DEMOCRATS EYE CANADA TARIFF ROLLBACK
🇨🇦 Canada tariffs: Democrats plan to reverse Trump's tariffs on Canada, aiming to ease relations and cut costs for US consumers. But Trump can still veto any repeal, and Democrats are far short of the two-thirds majority needed to override him.
📉 Asia: Asian markets fell sharply after US tech stocks led the decline, with the Kospi down more than 8% and triggering a circuit breaker, the Nikkei down more than 6% into bear market territory, Taiwan down more than 8%, and the Hang Seng down 1.6%.
🔥 Cause: Fears that newly elected Democratic officials could limit AI and data-center spending are pressuring markets worldwide. Samsung fell nearly 10%, SK Hynix 11.7%, TSMC 8.5%.
💬 The selloff has now gone global, while tariff relief is still just a plan on paper. The AI fear, on the other hand, is already being deducted from real money.
$SPY $QQQ $NVDA
🇨🇦 Canada tariffs: Democrats plan to reverse Trump's tariffs on Canada, aiming to ease relations and cut costs for US consumers. But Trump can still veto any repeal, and Democrats are far short of the two-thirds majority needed to override him.
📉 Asia: Asian markets fell sharply after US tech stocks led the decline, with the Kospi down more than 8% and triggering a circuit breaker, the Nikkei down more than 6% into bear market territory, Taiwan down more than 8%, and the Hang Seng down 1.6%.
🔥 Cause: Fears that newly elected Democratic officials could limit AI and data-center spending are pressuring markets worldwide. Samsung fell nearly 10%, SK Hynix 11.7%, TSMC 8.5%.
💬 The selloff has now gone global, while tariff relief is still just a plan on paper. The AI fear, on the other hand, is already being deducted from real money.
$SPY $QQQ $NVDA
