Market commentary: Macroeconomic shock hits the market

Panic selling emerged immediately after the market opened, leading to a broad-based sell-off and numerous stocks hitting their daily lower limits. The surge in liquidity highlighted investor anxiety over the potential impact of U.S. tariffs on domestic businesses. This external shock not only eroded market confidence but also forced key technical support levels to break, weakening the short-term trend. While a technical rebound may occur following such a sharp sell-off, any recovery is likely to be fragile. Hence, investors are advised to avoid chasing prices and instead review their portfolios cautiously in light of heightened uncertainty.