Global Markets Plunge Amidst Trade War Fears: Stocks in Freefall, Investors Seek Shelter
Anxiety Grips Investors as Trade Tensions Escalate, Triggering Market Turmoil
The announcement of reciprocal tariffs by US President Trump has sent shockwaves through global markets. The unexpectedly aggressive measures have fueled concerns about inflation and economic growth, with investors fearing a potential escalation of the global trade war. This widespread anxiety has led to a flight to safety, causing major indices to plummet across the globe.
The impact of the trade war worries is particularly evident in the following market movements:
· US Futures Market:
Dow Jones futures experienced a significant decline, falling nearly 1,200 points at one point, representing a 2.8% drop. The S&P 500 futures index also saw a sharp decline, dropping by as much as 4%. The NASDAQ 100 futures index faced a substantial downturn, with a drop of up to 4.7% during the session.
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