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Market View: From $7 trillion loss to 10% surge - US markets react to Trump’s rollercoaster tariff moves
Last week, US stocks lost close to $7 trillion in just two days. Earlier this week, Trump paused tariffs, sending the S&P 500 soaring 10%, the largest one-day percentage jump, since October 2008. So far, Trump's back and forth tariffs have sent markets in a panic. In less than 24 hours after the US President backtracked on his once-in-a-century trade war, selloffs hit US assets including stocks, bonds and the dollar. The S&P 500 Index ended yesterday down 3.5%. In Singapore, shares fell after the market opened on Friday. Most STI constituents suffered losses, with Singapore banks were down at…
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