Reported about 22 hours ago
Global stock markets plummeted as fears of a recession grew following U.S. President Trump's announcement of sweeping tariffs. Japanese bank stocks were among the hardest hit, with the Nikkei index set for a 9% weekly decline—the worst in over five years. Investors rushed into safe-haven assets like gold and government bonds, anticipating significant cuts to Federal Reserve rates. The U.S. stock market suffered a historic one-day loss of $2.4 trillion, while the dollar weakened against the yen, exacerbating the financial turmoil.
Source: YAHOO