UBS On-Air: Paul Donovan Daily Audio 'Competence matters'
UBS On-Air: Market Moves · Podcast owner
April 7, 20252m 43s
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Show Notes
Asian equity markets crashed, with Hong Kong markets down over 10%. Over the weekend, US administration officials gave contradictory statements on trade taxes, causing investors to question the existence of a masterplan. Attempts to justify attacks on the Heard Island penguins only emphasized the peculiarity of the tariff formula. US President Trump took time from their golf weekend to twice post that equity declines were “on purpose”.