Trading Day: Growth fears snowball
Global stocks plummeted on Thursday as US President Donald Trump threatened to impose a 200% tariff on European wines and spirits, escalating the trade war. The Nasdaq and S&P 500 indexes fell, with the latter entering official 'correction' territory, down 10% from its peak.
A wave of selling swept global stocks on Thursday, driven by fears of a trade war. US President Donald Trump threatened a 200% tariff on European wines and spirits. The Nasdaq fell 2% and the S&P 500 fell 1.4%, entering 'correction' territory. Investors sought safe-haven assets like US Treasuries, the dollar, and gold. The MSCI World equity index hit a six-month low. A US government shutdown looms, adding to investor worries.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.