---
title: "[True Insight Institution View] US stocks retreated across the board under tariff impact, Stock Connect (for Hong Kong) continues to be suspended on Monday."
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/38847033.md"
description: "Market Commentary: Last night, US stocks experienced a broad-based pullback under tariff pressure. The S&P 500 index closed down about 1.0%, while the Dow Jones Industrial Average fell over 1.7%, or roughly 800 points. This reflects the market's rapid shift from previous optimism over the Supreme Court overturning some of Donald Trump's tariffs to concerns about a new round of trade uncertainty stemming from his weekend announcement of a "uniform increase of benchmark tariffs to 15%". The EU took a tough stance, stating "a deal is a deal," and demanded clarification of follow-up arrangements from Washington. Simultaneously, US Customs stopped collecting the overturned tariffs, indicating that the interplay between the executive and judicial branches, as well as with counterparties, will be difficult to resolve in the short term..."
datetime: "2026-02-24T03:17:37.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38847033.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38847033.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38847033.md)
author: "[真灼财经](https://longbridge.com/en/profiles/1067948.md)"
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/38847033.md) | [繁體中文](https://longbridge.com/zh-HK/topics/38847033.md)


# [True Insight Institution View] US stocks retreated across the board under tariff impact, Stock Connect (for Hong Kong) continues to be suspended on Monday.

**Market Commentary**

Last night, U.S. stocks experienced a broad pullback under the impact of tariffs, with the S&P 500 index closing down about 1.0% and the Dow Jones Industrial Average falling over 1.7%, or about 800 points. This reflects a swift shift in market sentiment from the previous optimism about the Supreme Court overturning some of Donald Trump's tariffs to concerns over the new round of trade uncertainty brought by his weekend announcement of a "uniform increase of benchmark tariffs to 15%". The EU took a tough stance, stating "a deal is a deal," and demanded clarification from the U.S. administration on subsequent arrangements. Meanwhile, U.S. Customs stopped collecting the overturned tariffs, indicating that the interplay between the executive and judicial branches, as well as with counterparties, will be difficult to sort out in the short term.

The Stock Connect for Hong Kong shares will remain suspended on Monday.

Source: KGI Securities

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