Markets have crashed: worst day since 2008
On April 7, a collapse swept across all key exchanges. The reason – Trump's tariffs. Asian markets fell first: the Chinese index went down by 10%, the Taiwanese index also dropped by 10% – trading had to be halted. Japan took a hit of 8%, and Australia saw a decline of 10%. Is this the promised "boom"?
🇨🇳 The overall index for the MSCI Asia Pacific region showed the strongest decline since 2008 – down 7.1%. Such numbers are usually seen only in textbooks on economic crises.
Next, European markets followed suit: the German DAX lost 6%. In the States, the main indices have not opened yet, but futures have dropped by 5% – investors are awaiting more turmoil.
🇪🇺 It was previously reported that the EU plans to hit the US with retaliatory tariffs of $28 billion. The list of goods includes meat, wine, clothing, even toilet paper and dental floss.
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