 The sharp selloff in equities sparked by AI competition concerns appears to have run its course for now. While NASDAQ dropped more than -3% yesterday, the selling pressure did not intensify as the session progressed. DOW, on the other hand, demonstrated resilience, closing up 0.65%. This relatively stable market sentiment has led to reversal in safe-haven flows, with both Swiss Franc and Japanese Yen giving up most of their earlier gains and showing signs of returning to weakness. Meanwhile, Dollar found fresh support from reports of new tariff measures. According to the Financial Times, Treasury Secretary Scott Bessant is pushing for a universal 2.5% tariff that would increase incrementally each month, potentially reaching as high as 20%. US President Donald Trump hinted at an even more aggressive rate, emphasizing that higher tariffs on imports would be balanced by lower taxes for American workers and businesses. Trump also renewed his push for a corporate tax rate cut to 15%—down from 21%—for companies producing goods domestically.... | 
