Hong Kong's Financial Secretary, Paul Chan Mo-po, acknowledges the inevitable short-term impact of US tariffs on Hong Kong as an international trading hub. He emphasizes preparation for potential worst-case scenarios and plans to support local businesses amidst these challenges. Chan, in his weekly blog, highlights that Hong Kong will be affected to some extent due to its role in global trade. Former Financial Secretary John Tsang Chun-wah warns that US President Donald Trump’s tariffs could disrupt the international order and global supply chains. The US has imposed a 34% tariff on Chinese goods, increasing total tariffs to 54%, prompting reciprocal measures from China on American imports.

"The Penguin Lessons" is a heartwarming comedy-drama featuring Steve Coogan as a prep school teacher who rescues a penguin during an oil spill in Argentina, 1976, amidst a military coup. Initially reluctant, Coogan's character forms a transformative bond with the penguin, leading to personal growth and change. Based on a true story, the film combines humor and emotion, showcasing how an unexpected relationship can alter one's life perspective. Coogan delivers a stellar performance as a cynical yet relatable protagonist. (Kahala Mall)

This article discusses the significant market downturn on Wall Street following President Trump's tariff announcements, which sparked recession fears. The Nasdaq entered a bear market, the Dow faced corrections, and the S&P 500 experienced its worst five-day decline since 2020. Yahoo! Finance senior reporter Alexandra Canal highlights the uncertainty surrounding these tariffs and their potential global economic impact, especially if the EU retaliates similarly to China. Market strategists and economists emphasize the ambiguity of resolution and final tariff levels. Companies are delaying IPOs due to market instability, and consumer sentiment is softening, raising fears of a recession or stagflation. Despite the turmoil, some Wall Street analysts remain cautiously optimistic, advising against panic selling while recalibrating their S&P price targets. Uncertainty continues as the full effects of the tariffs unfold.

The recent significant drops in the S&P 500, driven by concerns over President Trump's tariffs, have led to global market volatility reminiscent of historical economic uncertainties. Despite these declines, experts emphasize that such fluctuations are regular occurrences in the stock market, often serving to temper excessive optimism. While younger investors can afford to wait out these downturns due to time, those nearing retirement may need to adjust their spending and investment strategies. Diversification across sectors and regions is advised to mitigate risk. Historically, the market has always recovered, and selling during a dip locks in losses. Investors are encouraged not to make impulsive decisions and to maintain a long-term perspective, potentially consulting financial advisors for guidance. The duration of this market turbulence remains unpredictable.

Amazon faces a significant profit impact from President Trump's new tariffs, according to Goldman Sachs analyst Eric Sheridan. The tariffs could lead to a $5 billion to $10 billion annualized operating profit loss for Amazon due to increased merchandise costs. Without cost-cutting or vendor negotiations, US merchandise costs might rise by 15% to 20%. Despite these challenges, Sheridan maintains a Buy rating on Amazon with a $255 price target, suggesting potential offsets such as vendor negotiations, price increases, and product mix shifts. Amazon's stock has declined nearly 7% since the tariff announcement, with year-to-date losses at 20%. The tariffs affect major sourcing regions for US companies, including China, which now faces reciprocal tariffs of 34%.

Behavioral finance experts warn against making impulsive investment decisions during market sell-offs, emphasizing that such times are often driven by emotion rather than rational thought. As U.S. markets decline due to tariff policies and recession fears, investors may feel compelled to act, but experts like Meir Statman and Bradley Klontz advise caution. Statman argues that decisions made under stress are likely to be counterproductive, while Klontz notes that instincts can lead to selling at the worst times. Danielle Labotka from Morningstar suggests slowing down and focusing on long-term goals rather than reacting to immediate market fluctuations. Investors should reassess if their fundamental reasons for investing have changed, as personal values and goals typically remain constant despite market volatility. A holistic approach to financial well-being, balancing both emotional and financial aspects, is recommended.