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Fears of renewed US-China trade tensions send Asian stocks tumbling

The $2 trillion market loss followed President Trump's tariff announcement and export controls, triggering steep declines in major US and Asian indexes, analysts said.

  • The Tel Aviv Stock Exchange opened lower, with the TA-35 index dropping 1.3% by midday.
  • U.S. President Donald Trump announced a 100% tariff hike on Chinese exports, causing significant losses in global markets.
  • The S&P 500 fell 2.7%, marking its largest single-day drop since April, as investors shifted to safe-haven assets like gold.
  • Israeli markets had surged before the downturn, following a ceasefire deal between Israel and Hamas.
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Center

New tariffs, falling prices – and then recovery? The trade dispute between the US and China makes the markets a real roller coaster ride on the weekend and recalls the stock market crash in April.

Associated Press NewsAssociated Press News
+54 Reposted by 54 other sources
Lean Left

Asian shares skid after Wall Street tumbles to its worst day since April as China trade woes worsen

Asian shares have tumbled after escalating trade tensions with China shattered a monthslong calm on Wall Street. Markets in Tokyo were closed for a holiday.

·United States
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  • 59% of the sources are Center
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Ynet News broke the news in Tel Aviv-Yafo, Israel on Sunday, October 12, 2025.
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