Financial markets have responded differently since Donald Trump's election as US President. Tradeview data reveals that while Asian markets posted gains, major US indices and popular cryptocurrencies experienced declines.
Asian Indices Outperform US Equities
According to Tradeview, the Hong Kong Hang Seng Index rose by 17%, and the China Shanghai Composite Index edged up by 3.27% since Trump took office. These numbers indicate steady investor confidence in Asian markets during this period, possibly influenced by local policy stability and regional economic growth.
US Indices Show Negative Performance
In contrast, US equities didn’t fare as well. The S&P 500 dropped by 4.26%, and the Nasdaq declined by 6.1%. This downturn reflects broader concerns among investors regarding US economic policies, geopolitical tensions, and ongoing debates around interest rates and inflation.
Challenges in the Crypto Market
Cryptocurrencies suffered the most. Bitcoin (BTC) fell by 15.6%, while Ethereum (ETH) saw a sharp 36.5% drop. This could be tied to regulatory uncertainty, fluctuating investor interest, and macroeconomic factors that influence risk appetite in the crypto space.
Despite occasional bull runs during Trump's tenure, the overall performance of crypto since his election suggests a more cautious or uncertain sentiment from investors.
