7 avr. 2025
Bill Ackman, a billionaire investor, recently called out the looming fear of an economic "nuclear winter" due to the ongoing global trade war.
With the US tariff hikes on 60 countries taking effect on April 2nd, some Asian indices reported their worst decline in 14 years.
Indian indices fell by around 5%, Hong Kong’s Hang Seng by 12%, Japan’s Nikkei 225 by 8%, Taiwan's Taiex by 9.8%, China's CSI 300 by 8.08%, Australia’s S&P/ASX 200 by 4.4%, South Korea's Kospi by over 5%, and Shanghai’s SSE Composite index dropped by 8%.
US indices, including the Nasdaq and S&P 500, suffered their worst two-day decline since March 2020, dropping by almost 6%. Dow Jones Industrial Average nosedived 2,200 points in one day, thus erasing over $6.6 trillion in overall market value.
Global Brent crude oil benchmark tanked by 2.94% to $63.51 per barrel, its lowest in three years, and oil prices dissolved by 4% to $59.49 a barrel. Saudi Arabia reduced its crude oil prices by $2.30 per barrel for Asian buyers.
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