Global stock markets tumble amid tariff war; Japan, China and India hit hard: 10 things to know
NEW DELHI: A global market rout intensified Monday following US President Donald Trump’s announcement of sweeping tariffs and Beijing’s retaliation with 34% duties on all US imports starting April 10.
Stock markets across Asia plunged sharply, with investor sentiment collapsing as fears of a global trade war took hold. Analysts say over $9 trillion in market value has been wiped out in just two days, drawing comparisons with the 2008 financial crisis.
Wall Street is bracing for further losses after Friday’s sharp downturn. The S&P 500 fell 6%, the Dow Jones dropped 5.5%, and Nasdaq tumbled 5.8%, marking their worst single-day performance since the pandemic began. Meanwhile, US crude prices fell below $60 per barrel and the dollar…
