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Image Credit: Bloomberg Quint

Hang Seng Leads Global Index Declines With 11.6% Drop After Trump's Tariff

  • Global stock markets have experienced significant declines since US President Donald Trump announced new tariffs on April 2. The Hang Seng Index has been the hardest hit, plummeting by 11.6%.
  • The tariffs have particularly affected sectors reliant on international supply chains, causing disruptions and increased costs for businesses.
  • The US technology sector, reflected in the Nasdaq Composite, fell by 11.2%, while the S&P 500 and Dow Jones Industrial Average also saw substantial declines.
  • European markets, such as the FTSE 100, Germany's DAX, and France's CAC 40, also faced significant downturns, emphasizing the far-reaching consequences of trade policies.

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