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Markets are shaking.. The Fear Index "VIX" rises above 20 points after Trump's attack on China

The Fear Index (VIX) for global financial markets has risen to over 20 points, following U.S. President Donald Trump's attack on China, announcing that he is considering imposing hefty tariffs on Chinese imports.

Trump stated that he sees no reason to meet with his Chinese counterpart Xi Jinping in two weeks in South Korea as planned, noting that the United States is considering a significant increase in tariffs on China, in addition to other countermeasures under serious study, due to Beijing's plans to impose controls on the export of rare earth elements, commenting: "China has become increasingly aggressive.

U.S. markets witnessed a sharp decline immediately after Trump's statements; the "S&P 500" index fell by 1.64%, the Nasdaq Composite index dropped by 2.35%, while the Dow Jones Industrial Average fell by 1.24%.

Cryptocurrencies also dropped sharply, with Bitcoin falling by 3.42% to $116,000, and Ethereum dropping by nearly 8% to $4,005, while Solana declined by 5.33% at a price of $206.66.

Meanwhile, the Fear Index (VIX) rising to over 20 points, amid fears of potential sharp sell-offs in stocks in the upcoming period, with a wave of anxiety prevailing in the stock market.