Daily Summary
Asian stocks surged after the U.S. exempted smartphones and computers from tariffs, providing temporary relief from trade tensions despite warnings of future semiconductor tariffs. BlackRock CEO Larry Fink cautioned that U.S. stocks could fall an extra 20% amid recession fears and rising tariffs that may push up consumer prices. Meanwhile, despite a volatile week marked by escalating U.S.-China trade disputes and inflation concerns, U.S. stock indices posted strong weekly gains, reflecting cautious optimism amid economic uncertainty.
BlackRock’s Fink Warns of 20% Market Decline Amid Recession Fears
BlackRock CEO Larry Fink warned that stocks may fall another 20% amid recession fears fueled by high tariffs and inflation, while also noting an extended review period for a key acquisition deal.
Stocks Surge to Close Volatile Week Amid Rising Trade Tensions
U.S. stocks closed the week with robust gains amid volatile trade tensions, buoyed by positive inflation data and a stabilizing bond market, even as concerns linger over rising tariffs and economic uncertainty.
Asian Stocks Rally as Electronics Get a Tariff Break
Asian stock markets rallied on April 14, 2025, after the White House exempted smartphones and computers from new U.S. tariffs, easing trade tensions with China, though further tariffs on semiconductors remain imminent.