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Global market rout deepens amid tariff war
Business Standard
|April 05, 2025
Nasdaq set to enter bear territory; key European indices plunge nearly 5%
Stock markets worldwide are careening even lower on Friday after China matched President Donald Trump's big raise in tariffs in an escalating trade war. Not even a better-than-expected report on the US job market, which is usually the economic highlight of each month, was enough to stop the slide.
The Nasdaq looked set to confirm a bear market, down more than 20 per cent from its record high.
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