#CryptoTariffDrop Since Trump announced the tax levels a week ago, the S&P 500 has lost nearly $6 trillion in value, marking the largest drop in four days since the index was established in the 1950s. The index is now approaching bear market territory, defined as a 20% drop from recent highs. After a brief pause, Asian markets continued to sell off on Wednesday, with Japan's Nikkei index dropping over 3% and South Korea's KOSPI index declining more than 1% throughout the day.