Hang Seng Index in bear market territory, losing 20% after US tariffs on Chinese imports. ETFs with exposure to Asia, Tech and Agriculture under pressure.
The Industrial Select Sector SPDR Fund declined 2.2% Thursday morning. Investors moved to lock in profits despite a surprisingly soft inflation report that reinforced Wednesday's bullish macro shift.
Tariff fears have dragged XLI down as global trade tensions rattled industrial sector confidence. Rising costs, slowing demand and supply chain disruptions threaten profits for top industrial ETF holdings.
U.S. stocks surge after Trump hints at trade progress, easing fears of disruption. S&P 500 up 3%, tech-heavy Nasdaq 100 outperforms. Semiconductors lead sector rally.
BlackRock CEO Larry Fink disagrees with Chamath Palihapitiya, who said the impact of Trump's tariffs is confined to Wall Street's wealthy investors, but spares Main Street Americans.
SPX price is currently sitting below a confluence of two levels around 5130 and 5200. The next confluence levels lie from approximately 4500 to 4630 and 4800.
