自川普总统于2025年4月9日宣布对等关税暂停90天后，全球股市显着反弹，普遍收復4月2日宣布关税措施后的跌幅。此次反弹主因在于，市场对川普贸易政策的预期有所缓解，促使资金重新流入股市。然而，这波上涨并非建立在经济基本面改善之上，而更多反映了对政策转向的乐观预期。此类预期驱动的行情往往脆弱，一旦出现突发利空，市场恐出现剧烈波动。

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