Global equities shed $9.5 trillion in market value over three days, as investors gave up hope that US President Donald Trump would walk back his tariff stance.
The selloff extended Friday across Asia and Europe, deepening the overall decline, Bloomberg reported.
US markets alone lost $6.6 trillion on April 3 and 4, the largest two-day drop ever, based on Dow Jones Market Data.
The losses followed Trump’s decision to impose steep tariffs on all countries, triggering retaliatory measures from China on Friday.
On April 6, Trump defended the tariffs, calling them “a cure for something,” further lowering expectations of any policy reversal.
Global equities shed $9.5 trillion in market value over three days, as investors gave up hope that US President Donald Trump would walk back his tariff stance.
The selloff extended Friday across Asia and Europe, deepening the overall decline, Bloomberg reported.
US markets alone lost $6.6 trillion on April 3 and 4, the largest two-day drop ever, based on Dow Jones Market Data.
The losses followed Trump’s decision to impose steep tariffs on all countries, triggering retaliatory measures from China on Friday.
On April 6, Trump defended the tariffs, calling them “a cure for something,” further lowering expectations of any policy reversal.
