Reported about 20 hours ago
U.S. stocks experienced a sharp downturn, led by a 4% drop in the Nasdaq, as concerns of an imminent economic slowdown took hold. The market reacted to the imposition of tariffs by President Trump and a lack of positive indicators, with Citi downgrading its asset allocation recommendation. In contrast, Asian markets showed some resilience, even as U.S. equity futures struggled to gain momentum. Currency markets remained mostly stable, with the yen achieving a five-month peak.
Source: YAHOO