FTSE 100 suffers biggest daily drop since early days of pandemic
- Global markets plunged on Friday as the Dow fell 2,054 points amid escalating trade war fears.
- President Trump's tariffs on China led to retaliatory tariffs, sparking concerns about economic growth.
- European markets also declined sharply, with Germany's DAX and France's CAC 40 dropping considerably.
- Trump stated, "CHINA PLAYED IT WRONG, THEY PANICKED- THE ONE THING THEY CANNOT AFFORD TO DO!"
- The market downturn erased $4.9 trillion in market capitalization, reflecting investor anxiety regarding the trade conflict.
25 Articles
25 Articles
Dow plunges 2,000 as sell-off for markets slams into a scarier gear following Trump's tariffs
The worldwide sell-off for financial markets is slamming into a higher, scarier gear. The S&P 500 tumbled 5.7% Friday, the Dow Jones Industrial Average plunged 2,034 points and the Nasdaq composite dropped 5.6%. Markets are facing their worst crisis since…
UK's FTSE 100 hits three-month low as tariff concerns cap difficult week
UK shares fell sharply on Friday and are poised to end the week with substantial losses, as recession fears intensified after China retaliated against U.S. President Donald Trump's announcement of sweeping tariffs.
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