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KUALA LUMPUR, April 08, 2025 – Global markets faced a turbulent Monday as Wall Street’s major indices closed lower, with the S&P 500 down 0.23%, the Dow dropping 0.91%, and Nasdaq slipping 0.1%.
The volatility was driven by fears of an economic slowdown and rising inflation, fueled by President Trump’s ongoing tariff push and threats of further hikes on China. European markets also tanked, with the STOXX 600 plunging 4.5%—its lowest since January 2024—amid trade war jitters.
In Asia, sharp declines hit key indices: Japan’s Nikkei 225 fell 7.8%, Hong Kong’s HSI crashed 13.2%, China’s Shanghai Composite dropped 7.3%, South Korea’s KOSPI lost 5.57%, and Singapore’s SGX declined 7.4%.
Read More News on Business News Malaysia
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