Odaily News Dan Coatsworth, an investment analyst at AJBell, said: "The sell-off in the US market is starting to look bad. For some time, many people have been worried that the US stock market is overvalued and are looking for a catalyst for a market correction. Concerns about trade wars, geopolitical tensions and uncertain economic prospects may be such catalysts." "Trump was once seen as the savior of the market, promising to lower taxes and relax regulations. Now his behavior has become a harbinger of doom. When people think about whether trade tariffs will backfire and lead to a recession instead of a boom in the US economy, the R word (Recession) is back on everyone's lips." "During Trump's first term, he often used the rise in the stock market as a representative of his success. Therefore, he may not want to see a full-scale market collapse a few months into his second term." (Jin Shi)
