Asian stocks are all down, BTC 91K, ETH 2.1K, total liquidation across the network 2 billion 鎂

After Trump officially initiated the trade war, Asian stocks opened with a big drop, and Crypto Assets experienced another big dump after a weekend of gradual decline. BTC once dropped to 91K, Ethercoin even reached above 2,100 at one point, with a big dump of 11% in one hour. Cryptocurrency liquidated 2 billion yuan in 24 hours, with ETH being the largest. Investors, please pay attention to your risk management.

US initiates tariff war with Canada, Mexico and China

Last Saturday, on (2/1), President Trump signed an order imposing a 25% tariff on goods imported from Mexico and Canada, and a 10% tariff on goods imported from mainland China. Energy resources from Canada will be subject to a lower tariff of 10%.

Canadian Prime Minister Trudeau (Justin Trudeau) subsequently announced a 25% retaliatory tariff on US goods worth $107 billion. Mexican leader Claudia Sheinbaum also promised retaliatory tariffs. The Chinese Ministry of Commerce issued a statement promising corresponding countermeasures, but did not provide details, and promised to file a complaint with the World Trade Organization.

Asian stocks all fell

Asian stocks opened lower on Monday, with the Nikkei Index falling 2.16% as of the time of writing, the Taiwan Weighted Index plummeting 3.59%, the South Korean KOSPI Index dropping 2.74%, and the mainland Chinese stock market remaining closed for the Spring Festival period.

TSMC, the guardian mountain of the country, is affected by DeepSeek.