Not long after that, despair turned into relief as the announcement of 90-day reprieves on President Donald Trump's so-called reciprocal tariffs a week later caused a big rebound in equity markets.
As markets face persistent uncertainty, HSBC outlines a resilient portfolio strategy focused on diversification in its 3Q2025 outlook.
A turbulent global financial landscape has persisted throughout the year, with equity markets making wild swings in both directions. The big shock of "Liberation Day" led to one of the largest equity market corrections over two days from April 3 and April 4 and turmoil for US Treasuries.
