U.S. stocks, bonds, and currencies all decline simultaneously, with the Nasdaq down over 2%. Chip stocks and Chinese concept stocks mostly fall, JinkoSolar Energy drops over 12%, gold and silver hit new highs again.

Last night, the overseas markets were turbulent! European and American stock markets all closed lower, with the US bond, stock, and currency markets all suffering losses. The panic index soared, gold and silver hit new highs, and Bitcoin experienced a broad decline.

On Tuesday (January 20), the three major US stock indexes all closed lower, with the S&P 500 and Nasdaq down over 2%, and the Dow Jones dropping 870 points, a decline of 1.76%.

Large technology stocks all fell, with Nvidia and Tesla down over 4%, and Apple and Amazon down over 3%.

According to Caixin, Amazon CEO Andy Jassy stated that the tariffs implemented by US President Trump have begun to push up the prices of some goods.

Streaming giant Netflix’s after-hours decline widened to nearly 5%, as the company’s first-quarter earnings outlook fell short of expectations. According to CCTV News, the company has adjusted its acquisition plan for Warner Bros.’ film and streaming assets to a full cash offer, maintaining the total at $82.7 billion to prevent competition from Paramount.

Chip stocks declined across the board, with Broadcom and Kotek Semiconductor falling over 5%, TSMC dropping more than 4%, and Qualcomm down over 3%. On the upside, Intel rose over 3%, and ARM increased about 1%.

Bank stocks all declined, with Citibank down over 4%, JPMorgan Chase and Morgan Stanley down over 3%, and Goldman Sachs, Bank of America, and Wells Fargo all falling to varying degrees.

Most Chinese concept stocks declined, with Jinko Solar down 12.5%, China Internet Plus down over 10%, Wuyou English, EHang, and 36Kr down over 8%, Bilibili, Pony.ai, and Atlas Solar Energy down over 5%.

US Treasury yields rose to their highest in over four months, and the US dollar recorded its worst two-day performance in about a month, with the dollar index falling 0.41%, closing at 98.642 at the end of the forex trading day.

According to Shanghai Securities News, the global bond market is experiencing a collective “sell-off,” led by US and Japanese bonds. Japanese bonds even broke the 4% threshold historically for the first time in over 30 years, with all maturities entering the “4 era” for the first time.

Market risk aversion is high, with international gold and silver prices reaching new highs. As of press time, spot gold and New York futures gold both surged above $4,763 per ounce, spot silver broke through $94 per ounce, and silver futures prices once exceeded $95.

The cryptocurrency market experienced a broad decline. Bitcoin fell below $90,000, Ethereum dropped below $3,000, and approximately 163,000 traders were liquidated across the market.

According to CCTV News, on January 20, local time, US President Trump stated that his goal of controlling Greenland “will not change,” and he refused to rule out the possibility of taking Greenland by force.

Additionally, when asked by reporters whether a negative ruling from the Supreme Court on tariffs would affect US security policies toward Greenland, Trump said that if current tariff tools are limited, he “can use other means,” such as through “license systems” or other alternatives. He emphasized that the current methods are “the best, strongest, fastest, simplest, and least complicated,” but not the only options.

On the 20th, Trump also stated at the White House press conference that he would not participate in the G7 emergency summit proposed by French President Macron to be held soon in Paris.

It is worth noting that on January 19, local time, the World Economic Forum Annual Meeting (Winter Davos), known as the “barometer of the world economy,” opened in Davos, Switzerland.

Professor Wang Yijie, Director of the Institute of International Relations at Renmin University of China, told 21st Century Business Herald that since Trump took office, a series of actions have posed a strong shock to the existing international political and economic order and NATO allies. He used the Venezuela issue to pressure the international community and threatened Europe over Greenland, essentially trying to force countries to accept his reformulated trade system, including tariffs and key mineral supply chain adjustments. The US’s intention is not to withdraw from the global system but to shape a US-led globalization model that implements “America First.” Therefore, Trump’s high-profile return to the Davos Forum aims to promote his “Make America Great Again” (MAGA) policy agenda. (Details)

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