Institution: Asian stock markets plummet, and the market is eager for a swift rate cut by the U.S

ChainCatcher news, major Asian stock indices plummeted on Monday as White House officials showed no signs of abandoning their comprehensive tariff plan. Investors bet on rising risks of a U.S. economic recession, with rate cuts possibly starting as early as May. The futures market quickly reflected expectations of nearly five rate cuts of 25 basis points each in the U.S. this year.

Sean Callow, senior foreign exchange analyst at ITC Markets in Sydney, stated: "The only real circuit breaker is President Trump's comments, with almost no signs that the market sell-off has troubled him enough to reconsider the policy stance he has held for decades." Previously, investors believed that the loss of trillions of dollars in wealth and the potential devastating impact on the economy would prompt Trump to rethink his plans.