When China's market opens, the world suffers a heavy blow.

As China's opening approaches, the overseas situation suddenly changes.
At the close of the global market on Friday, everything seems to have returned to square one:
- The three major U.S. stock indexes all fell, and the selling phenomenon was very common. About 75% of the stocks in the S&P 500 index closed lower, with technology and energy companies accounting for a large part of the decline.
- The US dollar and US bond yields have risen back to unsettling levels and may further test extreme levels.
- Gold rose and fell back, failing to close above $2800.
- The offshore renminbi broke the key level of 7.30 and fell to 7.32 at one point, with depreciation pressure returning and entering a dangerous moment.
The significant market volatility indicates that people are indeed considering selling.
White House spokesman Levitt said on Friday that Trump will impose a 25% tariff on imported goods from Canada and Mexico on Saturday (some analysts believe that a 25% tariff will cause the economies of these two countries to decline), and a 10% tariff on Chinese goods, which will take effect immediately. No decision has been made on imposing tariffs on the European Union.
Prior to this, Reuters cited sources as saying that Trump's tariffs on Mexico and Canada will be delayed by one month. Both the White House and Trump himself have denied this report.
In the last few minutes before closing, Trump escalated his tariff threats. He said he would impose tariffs on the European Union, impose tariffs on steel and aluminum this month or next month, and impose tariffs on a wide range of imported goods in the coming months, including steel, aluminum, oil and gas, pharmaceuticals, and semiconductors.
There is very little relevant news about China, and no relevant news of contact between the two sides has been seen.
The news of the current tariffs has not been officially announced yet, and the final decision will be announced today. Some people are still waiting for a miracle to happen. But if Trump says this could happen tomorrow, there will be little room for maneuver. However, Trump may leave a few retreats, such as avoiding comprehensive tariffs, or continuing negotiations after imposing tariffs, and then canceling these tariffs after achieving the goal - the details will truly affect the market.
The market's response to the news about tariffs only reflects half of the story, as it happened at the end of the global trading session. The trends of the USD and gold this week have revealed that many investors are already nervous. While the mentality of buying on dips still exists, the mentality of some investors has shifted from optimistic to more balanced, or even somewhat pessimistic.
The rules of the Chinese market have changed again at the opening.