当市场流血红色时，投资者正在转动资金

随着美国和欧洲股票市场最近宣布广泛关税，美国和欧洲股市都大幅下降。

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.

在最近宣布广泛关税之后，美国和欧洲股票市场都大幅下降，全球金融市场受到了震撼。努力应对不确定性的投资者正在将重点转移到更安全的资产上，主要是黄金和日元，因为经济担心会加剧。

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.

最近的关税宣布，包括对来自欧洲，中国和日本商品的所有进口和特定征税的基准税，这引起了投资者的恐慌。诸如STOXX 600，FTSE 100和DAX之类的欧洲指数大幅下降，而美国市场也下降了急剧下降，标准普尔500指数和Dow Jones都在下降。技术和零售股票受到了特别严重的打击，甚至传统上稳定的部门也面临着向下压力。

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.

加密货币也面临着衰退，比特币和以太坊在更广泛的风险情绪中下降。随着投资者变得越来越谨慎，加密货币市场的波动迫使许多人重新考虑其投资组合。 BTC几乎达到88,000美元，BTC降至82,000美元左右。

Safe-Haven Shift: Gold and the Japanese Yen

避风行明：黄金和日元

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.

在混乱之中，金出现了。随着投资者涌向更安全的资产，贵金属进行了强烈的集会，超越了每盎司3,100美元的标记。这种趋势与更广泛的“贬低贸易”策略保持一致，在该战略中，黄金等资产有利于对冲通货膨胀和经济不稳定。随着全球紧张局势的加剧，Gold作为保护资产的作用变得更加明显，吸引了私人投资者和中央银行。尽管如此，黄金的价格从最近在市场混乱之后的历史上回来了。

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.

同时，尽管日元遭受了24％的互惠关税率，但日元也获得了关注。 USD/JPY对跌至146.69左右，反映了对日元作为避风付款货币的强烈需求。 OCBC的分析师指出，每日图表上的看涨势头已经消失，下行风险的增加。他们认为，日元的实力可能会持续存在，这是由于日本银行的政策立场与美联储的潜在降低相反。

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.

从股票和加密转变为更安全的资产的迅速转变突出了谨慎的市场占主导地位的谨慎情绪。尽管日本有经济压力，但日元的吸引力仍然是由于其安全的地位。同时，黄金的激增反映了在贸易紧张局势升级的情况下，他们宁愿保护财富的投资者的不确定性日益严重。

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.

由于美国和欧洲股市面临持续的动荡和加密货币的压力，对黄金和日元的偏爱表明，市场参与者正在为长期的经济挑战做准备。重点将继续放在这次航班持续的时间以及经济指标是否支持风险较高的资产中的恢复。