A wave of market decline swept through both Chinese and Taiwanese stock markets, reflecting escalating tensions with the U.S. after recent tariff announcements. The declines, which saw indices drop by 9.8% in Taiwan and a staggering 10% in China, were particularly stark in technology sectors due to disruptions within supply chains. Major players such as Taiwan Semiconductor Manufacturing Co. and electronics giant Foxconn witnessed significant losses. To mitigate the economic blow, Taiwanese President Lai Ching-te announced a $2.65 billion support package for affected businesses. 😓 The fallout extended beyond Asia, with Japan, South Korea, and Australia also experiencing noteworthy drops in their stock markets. This downturn highlights the fragility of global supply chains, particularly within technology. With significant economic implications, government interventions like short-selling restrictions are being considered to stabilize the situation. The ongoing trade disputes between the U.S. and China have far-reaching consequences that extend beyond stocks, potentially influencing the cryptocurrency market as investors recalibrate their risk assessments.