Massive Sell-Off Hits Wall Street As Trump Policies Spark Recession Fears
Share markets across the globe witnessed sharp losses after a selloff in America, triggered by US President Donald Trump on Monday refusing to rule out the suggestion that his tariffs could trigger a recession in the world's biggest economy. In New York, tech-heavy Nasdaq saw the worst day since 2022. The benchmark S&P 500, which tracks the biggest American companies, has also fallen over 8 per cent from its February high.
The Nasdaq confirmed a correction last week, having tumbled more than 10 per cent from its December all-time high.
