Asian markets nosedive as Trump’s tariff war rattles global economy, Wall Street braces for deeper losses

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Asian markets nosedive as Trump’s tariff war rattles global economy, Wall Street braces for deeper losses - Malay Mail

Quick Summary:

TOKYO, April 7 — Asian markets took a huge plunge today as US futures pointed to significant losses on Wall Street over...

Larry Summers, formerly Director of the National Economic Council under president Barack Obama, said “there is a very good chance there’s going to be more turbulence in markets the way we saw on Thursday and Friday.

Futures contracts for the New York Stock Exchange’s main boards were sharply down yesterday, suggesting more pain for battered Wall Street stocks when markets open today, while US oil dropped below US$60 a barrel for the first time since April 2021.