Markets tumble as three-day selloff wipes out US$9.5 trillion
The carnage in financial markets worsened on Monday with stressed-out investors abandoning hopes that U.S. President Donald Trump would change his tariff policy.
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Markets tumble as three-day selloff wipes out US$9.5 trillion
The carnage in financial markets worsened on Monday with stressed-out investors abandoning hopes that U.S. President Donald Trump would change his tariff policy.
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Traders boosted expectations for the U.S. Federal Reserve to cut interest rates this year — and raised the specter of a reduction before the central bank’s next meeting — as the U.S. administration’s tariffs ignite fears of a global recession.
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