新加坡元/人民币 (SGDCNY) 加自选

高盛（Goldman Sachs）估计，最新的关税将使中国GDP增长再增加1%。尽管如此，他们仍将中国2025年全年GDP增长预测维持在4.5%。我不确定他们的估计是如何运作的，但还好。

Goldman Sachs estimates latest tariffs to weigh on China's GDP growth by a further 1%.That being said, they are still maintaining their forecast for China's full year 2025 GDP growth at 4.5%. I'm not sure how their estimate works on that but okay.

周四，上证综指下跌0.24%，至3342点，深证成分股下跌1.4%，至10365点。在美国总统唐纳德·特朗普宣布对中国征收34%的互惠关税后，内地股市收窄了两天的涨幅，加剧了世界两大经济体之间的贸易冲突。白宫澄清说，34%的关税是在现有的20%关税之上征收的，将中国商品的总关税提高到54%。作为回应，中国商务部表示，正在准备反制措施以保护其经济利益，同时敦促华盛顿取消单方面关税并参与公平贸易谈判。科技股和新能源股领跌，Luxshare Precision（-10%）、Eoptolink Technology（-6.8%）、Victory Giant（-9.5%）、Contemporary Amperex（-2.4%）和Sungrow Power（-7.3%）大幅下跌。

The Shanghai Composite fell 0.24% to 3,342, while the Shenzhen Component dropped 1.4% to 10,365 on Thursday, as mainland stocks snapped a two-day advance following US President Donald Trump’s announcement of a 34% reciprocal tariff on China, escalating the trade conflict between the world’s two largest economies. The White House clarified that the 34% tariff comes on top of the existing 20% levies, raising total tariffs on Chinese goods to 54%. In response, China’s Commerce Ministry stated that it is preparing countermeasures to protect its economic interests while urging Washington to revoke its unilateral tariffs and engage in fair trade negotiations. Technology and new energy stocks led the decline, with sharp losses from Luxshare Precision (-10%), Eoptolink Technology (-6.8%), Victory Giant (-9.5%), Contemporary Amperex (-2.4%), and Sungrow Power (-7.3%).

新加坡金融管理局（MAS）周四确认，尽管全球市场动荡，新加坡的外汇和货币市场仍在正常运行，保持稳定。在美国总统唐纳德·特朗普出人意料地宣布旨在保护美国经济的全面新关税后，全球股市暴跌，央行做出了保证。金管局在一份声明中表示：“金管局随时准备遏制新加坡元的过度波动，并确保新加坡的外汇和货币市场继续有序运作。”。“新加坡金融管理局正在密切关注事态发展，并评估其对新加坡经济的影响，”它补充道。

The Monetary Authority of Singapore (MAS) affirmed on Thursday that Singapore's foreign exchange and money markets continue to operate normally, maintaining stability despite global market turbulence. The central bank's reassurance came as worldwide equity markets tumbled following U.S. President Donald Trump's surprise announcement of sweeping new tariffs designed to shield the American economy. "MAS stands ready to curb excessive volatility in the Singapore dollar, and to ensure that Singapore’s foreign exchange and money markets continue to function in an orderly manner," MAS said in a statement. "MAS is closely monitoring developments and assessing the implications for the Singapore economy," it added.

特朗普关税影响下，人民币跌至八周低点。当特朗普去年10月赢得总统选举时，这张图表清楚地显示了中国选择如何回应。人们担心的是，随着他上任，贸易冲突升级。

Chinese yuan at eight-week lows as Trump tariffs bite.When Trump was set to win the presidential election last October, this is one chart that clearly shows how China chose to respond. The fear was an escalation in trade conflict as he takes office.