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Apr 09, 2025
Global markets drop due to trade tensions and tariffs
Sharp declines in global markets due to fears of slowing growth
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Global markets experienced sharp declines today, affected by the implementation of new US tariffs, raising concerns about escalating trade tensions and slowing global economic growth. Asian Markets Japan: The Nikkei 225 index fell 4%, while the Topix index fell 3.26%. South Korea: The Kospi index fell 0.95%, confirming its entry into a bear market after losing more than 20% from its peak last July. Hong Kong: The Hang Seng index fell 3.86%, while the Hang Seng Technology index lost 5.42%. |
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European Markets
European markets were negatively impacted by recent developments, with Euro Stoxx 50 futures falling 1.8%.
US Markets
US markets suffered significant losses as the White House confirmed additional tariffs on Chinese goods, bringing the total tariffs to 104%. The Dow Jones Industrial Average fell 0.85%, or 320 points, to close at 37,645.
Cryptocurrencies
Cryptocurrency markets experienced a sharp decline, led by the most prominent digital currency, Bitcoin.
International Reactions
China vowed to take "firm and severe measures" in response to the new US tariffs, increasing the likelihood of an escalation in the trade dispute between the two countries.
Economic Growth Forecasts
According to an International Monetary Fund report, global economic growth is expected to stabilize at 3.2% in 2025, with trade tensions continuing to impact markets.
Uncertainty continues to grip global markets, as investors await developments in trade disputes and their impact on the global economy.
European Markets
European markets were negatively impacted by recent developments, with Euro Stoxx 50 futures falling 1.8%.
US Markets
US markets suffered significant losses as the White House confirmed additional tariffs on Chinese goods, bringing the total tariffs to 104%. The Dow Jones Industrial Average fell 0.85%, or 320 points, to close at 37,645.
Cryptocurrencies
Cryptocurrency markets experienced a sharp decline, led by the most prominent digital currency, Bitcoin.
International Reactions
China vowed to take "firm and severe measures" in response to the new US tariffs, increasing the likelihood of an escalation in the trade dispute between the two countries.
Economic Growth Forecasts
According to an International Monetary Fund report, global economic growth is expected to stabilize at 3.2% in 2025, with trade tensions continuing to impact markets.
Uncertainty continues to grip global markets, as investors await developments in trade disputes and their impact on the global economy.