The collapse of the US stock market after Trump's statements. What the media is writing
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- The collapse of the US stock market after Trump's statements. What the media is writing
The US stock market has noticeably fallen against the background of recent statements by President Donald Trump. He refused to rule out the possibility of a recession, which caused a wave of sales. Investors also complain about the uncertainty caused by its tariff policy. What the media write about the state of the American economy is in the Izvestia digest.
Reuters: The US stock market is losing $4 trillion dollars due to Trump's policies
Fears of an economic downturn following the imposition of U.S. tariffs led to a stock market sell-off that accelerated on March 10. The S&P 500 index fell 2.7%, which was the biggest daily drop in 2025. The Nasdaq Composite declined 4%, marking its biggest one-day drop since September 2022.
Reuters
The S&P 500 on Monday closed 8.6% below its all-time high on February 19, having lost more than $4 trillion in market value since then and approaching a 10% drop, which would mark a correction for the index. The tech-rich Nasdaq ended Thursday with a drop of more than 10% below its December high.
The S&P 500 index has lost all the gains recorded since Trump's election on November 5, and has fallen by almost 3% in that time. Investors expressed optimism that Trump's anticipated growth-boosting program, including tax cuts and deregulation, would benefit stocks, but uncertainty about tariffs and other changes, including a reduction in the federal workforce, dampened sentiment.
Financial Times: Asian markets fall after American ones
On the morning of March 11, the stock markets of China, Japan and Australia fell. The Japanese Topix index and the export-oriented Nikkei 225 index declined by 1.5% and 1%, respectively. South Korea's Kospi index fell 1.1%, while Australia's S&P/ASX 200 index declined 0.9%. Shares of Chinese and Hong Kong companies fell sharply in early trading, but later regained their losses. The CSI 300 index fell 0.6%, while the Hong Kong Hang Seng index fell 1%.
Financial Times
Technology and industrial companies led the decline in Asia, with Taiwanese component manufacturers TSMC and Foxconn down 2.7% and 2%, respectively. The Korean company Samsung Heavy Industries fell by 2.4%, and the Japanese manufacturer of equipment for the production of Disco chips — by 0.3%.
Analysts note that over the past year, shares of US technology companies have grown significantly, prompting some investors to lock in profits. The growing attractiveness of Chinese technology companies against the backdrop of impressive achievements in the field of artificial intelligence achieved by the startup DeepSeek has also forced investors to reconsider the high valuations of American firms.
Bloomberg: the rating of Chinese and European stocks is growing amid a fall in the United States
Citigroup analysts have downgraded their rating on U.S. stocks, while simultaneously upgrading China's stock rating to "above market," another sign of the growing divergence in forecasts for the two leading global markets. Chinese stocks look attractive even after recent gains, Citi strategists said.
Bloomberg
The divergence between the US and China is becoming even more pronounced when it comes to tech stocks, as the recent emergence of an artificial intelligence model from Chinese startup DeepSeek proved to be a watershed moment that spurred a re-evaluation of the sector in the Asian country.
The HSBC Holdings team also lowered the rating of U.S. stocks to neutral, saying they see "better opportunities elsewhere at the moment." At the same time, its strategists upgraded the rating of European stocks, with the exception of the UK, from "undervalued" to "above average," saying that, according to their expectations, fiscal stimulus in the eurozone could be "a potential factor that will change the situation."
CNN: Trump refuses to rule out the possibility of a recession
Trump never told voters that a recession could come on the way to his new "golden age." However, the president twice refused to rule out an economic downturn this year, which triggered a drop in the stock market. Investors note global instability and uncertainty about what he will do next and what the world will look like.
CNN
A few bad weeks for a market that many analysts consider overvalued and subject to correction should not necessarily portend a larger economic catastrophe. But Trump, trying to change so much, is still playing with fire. His administration has so far demonstrated great skill in destruction, but less ability to explain how his chaos will lead to rapid prosperity.
Trump has not yet had time to fully implement his economic policy or demonstrate his claims that it will make Americans much richer and make the economy take off. But the hope of stimulating the potential of tax incentives to generate growth does not support the economy. The Trump administration risks repeating the mistake of previous President Joe Biden, who assured voters that the economy was fine.
The Washington Post: White House downplays economic problems
Trump's senior advisers on Monday downplayed the significance of the new economic turmoil. Kevin Hassett, director of the White House National Economic Council, said there are many reasons to remain optimistic about the future of the economy. According to him, growth will begin in the second quarter due to the tax breaks introduced by Trump.
The Washington Post
During Trump's first term, his administration repeatedly lifted new tariffs when they caused the stock market to plunge. But the president has hinted in every possible way in recent days that this will not happen during his second term. On Thursday [March 6], he stated that he was not looking at the stock market, and said in an interview aired on Sunday [March 9] that it would be "a little while" before Americans would see the impact of his policies.
Trump and his advisers have said the tariffs are necessary to rebalance the global trading system, which they believe has harmed the United States by giving foreign countries a competitive advantage in manufacturing and processing.
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