Focusing on U.S. trade signals, European stocks rose slightly, while U.S. pre-market Chinese concept stocks fell broadly, and New York copper dropped nearly 3%

Trump's latest remarks on tariffs have added further uncertainty to an already tense global market, with investors waiting for clearer signals.

According to CCTV News, Trump stated on Tuesday that he would impose a 50% tariff on copper imports, which is about twice the market expectation and far exceeds the previously anticipated level of around 25%. This marks another escalation in his trade rhetoric and alters the market's prior expectations that the tariff deadline might be postponed.

As a result, market reactions have been cautious. S&P 500 futures showed little change, indicating that U.S. stocks may experience slight fluctuations for the second consecutive day. European stock markets rose slightly by 0.1%. In the commodities market, copper prices on the London Metal Exchange (LME) fell under pressure but later narrowed the decline to within 1%.

• In pre-market trading, U.S.-listed Chinese stocks fell broadly, with Alibaba down 2.6%, XPeng down about 2%, and Bilibili down about 2%.
• The Euro Stoxx 50 index opened up 0.3%, Germany's DAX index rose 0.2%, the UK's FTSE 100 index increased by 0.2%, and France's CAC 40 index gained 0.2%.
• The Nikkei 225 index closed up 0.3% at 39,821.28 points. Japan's Topix index closed up 0.4% at 2,828.16 points. South Korea's Seoul Composite Index closed up 0.6% at 3,133.74 points.
• The U.S. Dollar Index showed little change.
• The euro against the dollar remained almost unchanged at 1.1722 USD. The yen against the dollar was reported at 146.72.
• The yield on the 10-year U.S. Treasury bond showed little change at 4.40%.
• The yield on Germany's 10-year government bonds fell by 1 basis point to 2.67%.
• Copper in New York fell by 2.89% to 5.521 USD.
• Spot gold fell by 0.4% to 3,290.21 USD per ounce.
• Bitcoin rose by 0.1% to 108,798.26 USD.

On Tuesday, Trump expressed his determination to advance plans for imposing high tariffs on foreign imports, listing copper and pharmaceuticals as new potential targets. This uncertainty has intensified investors' confusion. As Hebe Chen, a market analyst at Vantage Markets in Melbourne, stated, traders feel not only fatigued but also "lost in an increasingly dense fog forest."

Hebe Chen pointed out:

"At present, the wise move is to remain on the sidelines and wait for some real news to penetrate the fog."

【16:10】

In pre-market trading, U.S.-listed Chinese stocks fell broadly, with Alibaba down 2.6%, XPeng down about 2%, and Bilibili down about 2%.

The euro against the dollar remained almost unchanged at 1.1722 USD. The yen against the dollar was reported at 146.72.

Copper in New York fell 2.89% to $5.521. According to Morgan Stanley analysis, the implementation of tariffs will be favorable for COMEX copper prices but may put pressure on London Metal Exchange (LME) copper prices. Morgan Stanley analysts estimate that the U.S. has stockpiled about 400,000 tons of "extra" copper inventory, equivalent to about six months of imports, which will buffer the direct impact of tariffs in the short term.

Spot gold fell 0.4% to $3,290.21 per ounce.