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Global Markets Buckle Under Trade War Pressures
The global economy faced tremors as escalating trade tensions sent markets reeling across continents. Asian stock markets bore the brunt of the turmoil, with Japan’s Nikkei 225 dropping nearly 8% and Hong Kong’s Hang Seng Index recording its steepest single-day loss since the 1997 Asian financial crisis. Investors worldwide grappled with uncertainty as fears of retaliatory tariffs dominated economic discourse.
In response, China sought to maintain an optimistic outlook, emphasizing its ability to endure long-term challenges through robust growth strategies. However, the ripple effects extended far beyond Asia, unsettling European and U.S. markets as they prepared for potential aftershocks.
This unfolding crisis serves as a stark reminder of the vulnerability of interconnected economies in times of geopolitical unrest, urging policymakers and investors to tread cautiously amid heightened instability.
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