Trump Says, 'Taiwan Should Pay Us for Defense,' Triggering TSMC Shares to Fall; Bitcoin Hits $66K as ETFs Absorb $423M in Inflows - Top Headlines Today While US Slept
Portfolio Pulse from Akanksha Bakshi
Former President Donald Trump's comments about Taiwan paying for defense have caused TSMC shares to fall. Bitcoin has surged to $66K with significant ETF inflows. The Nasdaq and S&P 500 futures have plunged following Trump's comments and a weak forecast from ASML.
July 17, 2024 | 1:36 pm
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NEGATIVE IMPACT
Nasdaq and S&P 500 futures plunged after Trump's comments and ASML's weak forecast, indicating potential market volatility.
Trump's comments and ASML's weak forecast have created uncertainty, leading to a drop in Nasdaq and S&P 500 futures, indicating potential market volatility.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
TSMC shares fell after former President Trump suggested Taiwan should pay the US for defense, raising geopolitical concerns.
Trump's comments have direct geopolitical implications for TSMC, a major Taiwanese company, causing investor concern and a drop in share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Bitcoin surged to $66K with $423M in ETF inflows, indicating strong investor interest and potential for further gains.
Significant ETF inflows into Bitcoin suggest strong investor demand, likely driving the price higher in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100