Global Stock Markets Plunge Following Trump's Escalation of Tariff Policies
Stock markets around the world experienced significant declines after US President Donald Trump announced more stringent tariff measures.
Global stock markets have experienced a sharp decline following announcements on Wednesday by US President Donald Trump regarding more aggressive tariff policies.
The S&P 500 index fell by over 3% in after-hours trading, while futures linked to the Dow Jones Industrial Average dropped nearly 2%.
The Nasdaq-100 index also saw a decline of over 3%.
Many American multinational companies witnessed a decrease in stock value during extended trading hours.
Shares of prominent corporations such as Nike and Apple were down by 7%.
In the retail sector, companies reliant on imported goods also suffered significant losses, with Five Below's shares plummeting 14%, Dollar Tree's falling by 11%, and Gap's values decreasing by 8.5%.
In the technology sector, Nvidia's stock fell by 5%, and Tesla's shares dropped by 7%.
European stock markets mirrored the downturn when trading commenced on Thursday, with the Stoxx 600 index falling by 1.54%.
Bank stocks in Europe experienced a more pronounced decline, dropping 3.23%.
European retail companies with global supply chains also faced challenges; notable declines included a 9.8% drop for German sportswear giant Adidas and a 6.3% fall for Danish shipping company Maersk.
The Stoxx Autos index fell by 2.14%, following the implementation of a 25% tariff on imported vehicles to the US, which adds to previously imposed tariffs on steel and aluminum imports.
Asian stock markets also showed significant losses, with benchmark indices in Japan declining by more than 3%, while those in Hong Kong and South Korea experienced falls of nearly 2% during Wednesday's trading session.
Comments from market analysts suggested that Trump's actions could be perceived as a declaration of trade conflict.
Andrew Brenner, head of international fixed income at National Alliance Securities, characterized the tariffs as detrimental, indicating a lack of understanding of their broader implications for both the US and its trading partners.
The S&P 500 index fell by over 3% in after-hours trading, while futures linked to the Dow Jones Industrial Average dropped nearly 2%.
The Nasdaq-100 index also saw a decline of over 3%.
Many American multinational companies witnessed a decrease in stock value during extended trading hours.
Shares of prominent corporations such as Nike and Apple were down by 7%.
In the retail sector, companies reliant on imported goods also suffered significant losses, with Five Below's shares plummeting 14%, Dollar Tree's falling by 11%, and Gap's values decreasing by 8.5%.
In the technology sector, Nvidia's stock fell by 5%, and Tesla's shares dropped by 7%.
European stock markets mirrored the downturn when trading commenced on Thursday, with the Stoxx 600 index falling by 1.54%.
Bank stocks in Europe experienced a more pronounced decline, dropping 3.23%.
European retail companies with global supply chains also faced challenges; notable declines included a 9.8% drop for German sportswear giant Adidas and a 6.3% fall for Danish shipping company Maersk.
The Stoxx Autos index fell by 2.14%, following the implementation of a 25% tariff on imported vehicles to the US, which adds to previously imposed tariffs on steel and aluminum imports.
Asian stock markets also showed significant losses, with benchmark indices in Japan declining by more than 3%, while those in Hong Kong and South Korea experienced falls of nearly 2% during Wednesday's trading session.
Comments from market analysts suggested that Trump's actions could be perceived as a declaration of trade conflict.
Andrew Brenner, head of international fixed income at National Alliance Securities, characterized the tariffs as detrimental, indicating a lack of understanding of their broader implications for both the US and its trading partners.
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