<ul><li>US equity-index futures slumped and the yen surged early Monday in a sign of deepening turmoil across financial markets as investors price in the fallout from Donald Trump’s tariff war.</li><li>The S&P 500 contracts fell 4.4% after the benchmark suffered its worst two-day plunge since March 2020, erasing over $5 trillion in value.</li><li>Japanese yen and Swiss franc strengthened as traders sought havens, while the Australian and New Zealand dollars tumbled.</li><li>The moves underscore the heightened concerns across financial markets as Trump attempts to reshape global trade in Washington’s favor, increasing the risk of a recession.</li></ul>

S&P 500 Futures Slump, Yen Gains On Tariff Turmoil: Markets Wrap

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