當市場流血紅色時，投資者正在轉動資金

隨著美國和歐洲股票市場最近宣布廣泛關稅，美國和歐洲股市都大幅下降。

Global financial markets have been shaken as both U.S. and European stock markets suffered significant declines following the recent announcement of sweeping tariffs. Investors, grappling with uncertainty, are shifting their focus to safer assets, primarily gold and the Japanese yen, as economic fears intensify.

在最近宣布廣泛關稅之後，美國和歐洲股票市場都大幅下降，全球金融市場受到了震撼。努力應對不確定性的投資者正在將重點轉移到更安全的資產上，主要是黃金和日元，因為經濟擔心會加劇。

The recent tariff announcement, including a baseline 10% duty on all imports and specific levies on goods from Europe, China, and Japan, has triggered panic among investors. European indices such as the Stoxx 600, FTSE 100, and DAX closed significantly lower, while U.S. markets also saw sharp declines, with the S&P 500 and Dow Jones both plunging. Tech and retail stocks were hit particularly hard, and even traditionally stable sectors faced downward pressure.

最近的關稅宣布，包括對來自歐洲，中國和日本商品的所有進口和特定徵稅的基準稅，這引起了投資者的恐慌。諸如STOXX 600，FTSE 100和DAX之類的歐洲指數大幅下降，而美國市場也下降了急劇下降，標準普爾500指數和Dow Jones都在下降。技術和零售股票受到了特別嚴重的打擊，甚至傳統上穩定的部門也面臨著向下壓力。

Cryptocurrencies also faced a downturn, with Bitcoin and Ethereum dropping amid the broader risk-off sentiment. As investors became more cautious, the crypto market’s volatility pushed many to reconsider their portfolios. BTC declined to around $82,000 after almost hitting $88,000.

加密貨幣也面臨著衰退，比特幣和以太坊在更廣泛的風險情緒中下降。隨著投資者變得越來越謹慎，加密貨幣市場的波動迫使許多人重新考慮其投資組合。 BTC幾乎達到88,000美元，BTC降至82,000美元左右。

Safe-Haven Shift: Gold and the Japanese Yen

避風行明：黃金和日元

Amid the chaos, gold emerged as a clear winner. The precious metal has seen a strong rally, crossing the $3,100 per ounce mark, as investors flock to safer assets. This trend aligns with the broader “debasement trade” strategy, where assets like gold are favored to hedge against inflation and economic instability. As global tensions rise, gold’s role as a protective asset becomes more pronounced, attracting both private investors and central banks. Nevertheless, gold’s prices retraced from the recent all time high after the market chaos.

在混亂之中，金出現了。隨著投資者湧向更安全的資產，貴金屬進行了強烈的集會，超越了每盎司3,100美元的標記。這種趨勢與更廣泛的“貶低貿易”策略保持一致，在該戰略中，黃金等資產有利於對沖通貨膨脹和經濟不穩定。隨著全球緊張局勢的加劇，Gold作為保護資產的作用變得更加明顯，吸引了私人投資者和中央銀行。儘管如此，黃金的價格從最近在市場混亂之後的歷史上回來了。

At the same time, the Japanese yen has gained traction despite Japan being hit with a 24% reciprocal tariff rate. The USD/JPY pair has fallen to around 146.69, reflecting strong demand for the yen as a safe-haven currency. Analysts at OCBC noted that bullish momentum on the daily chart has faded, with downside risks increasing. They suggest that the yen’s strength may persist, driven by the Bank of Japan’s policy stance contrasting with the Federal Reserve’s potential rate cuts.

同時，儘管日元遭受了24％的互惠關稅率，但日元也獲得了關注。 USD/JPY對跌至146.69左右，反映了對日元作為避風付款貨幣的強烈需求。 OCBC的分析師指出，每日圖表上的看漲勢頭已經消失，下行風險的增加。他們認為，日元的實力可能會持續存在，這是由於日本銀行的政策立場與美聯儲的潛在降低相反。

The rapid shift from equities and crypto to safer assets highlights the cautious sentiment dominating the markets. Despite the economic strain on Japan, the yen’s appeal remains due to its safe-haven status. Meanwhile, gold’s surge reflects the growing uncertainty among investors who prefer to safeguard their wealth amid escalating trade tensions.

從股票和加密轉變為更安全的資產的迅速轉變突出了謹慎的市場占主導地位的謹慎情緒。儘管日本有經濟壓力，但日元的吸引力仍然是由於其安全的地位。同時，黃金的激增反映了在貿易緊張局勢升級的情況下，他們寧願保護財富的投資者的不確定性日益嚴重。

As the U.S. and European stock markets face ongoing turbulence and crypto remains under pressure, the preference for gold and the yen indicates that market participants are preparing for prolonged economic challenges. The focus will remain on how long this flight to safety continues and whether economic indicators support a recovery in riskier assets.

由於美國和歐洲股市面臨持續的動盪和加密貨幣的壓力，對黃金和日元的偏愛表明，市場參與者正在為長期的經濟挑戰做準備。重點將繼續放在這次航班持續的時間以及經濟指標是否支持風險較高的資產中的恢復。