The Hang Seng Index remains under pressure this week as investors focus on the ongoing trade war between the United States and China. After peaking at $24,855 on March 19, the blue-chip index has plunged to a low of H$20,000, its lowest level since February 3rd this year. It has…
Crypto majors and altcoins alike have been on a downtrend in recent months amid Trump’s aggressive trade policy. With a fear level of 24, buyers remain hesitant to place big bets on their preferred tokens.Even so, fresh projects like Bitcoin Pepe have maintained an upward momentum. Beyond the macroeconomic chaos,…
Japan’s financial markets took a severe hit on Monday as the Nikkei share average tumbled nearly 9% early in the trading session, reflecting growing concerns over a tariff-induced global recession. The index dropped as much as 8.8% to 30,792.74, its lowest level since October 2023, and was trading down 7.3%…
Donald Trump asserts that a potential deal with China regarding the sale of TikTok faltered after he unveiled his new tariff policies. Trump made these claims while speaking to reporters aboard Air Force One on Sunday, as he returned to Washington after a weekend of golfing in Florida.“We had a…
Dalal Street witnessed a dramatic bloodbath on Monday as the BSE Sensex and Nifty 50 crashed by approximately 5% each, plunging to 9-month lows. The sharp decline reflects mounting global pressure, with the Volatility Index surging over 50%, signaling heightened fear among investors. All sectoral indices turned red, while small-cap…
AppLovin Corp (NASDAQ: APP) chief executive Adam Foroughi says the ad-tech company’s proposal to acquire TikTok is significantly stronger than the competing bids.While others are primarily interested in TikTok US only, AppLovin is eyeing a merger with global operations of the social platform, which effectively makes it a “partnership” that…
China’s decision to impose a 34% tariff on all goods imported from the United States is a direct retaliation against President Donald Trump’s tariffs on Chinese goods. This escalation of the trade war between the world’s two largest economies is expected to have significant consequences for various industries in both countries,…
Global stock markets plunged on Monday, deepening last week’s heavy losses, as escalating trade tensions triggered renewed fears of a worldwide recession. London’s FTSE 100 bore the brunt, falling by 488 points, or 6%, to 7566 — its lowest level since February 2024.The fresh rout eclipsed even Friday’s near-5% slide,…
The DAX index continued its strong downward trend on Monday as investors dumped their global equities as risks jumped. It slumped to a low of €18,900, its lowest level since September 12 last year. It has plummeted by more than 17% from the highest point this year.The German DAX’s crash…
Donald Trump’s aggressive push for sweeping reciprocal tariffs is increasingly drawing sharp criticism not just from global trading partners, but also from his allies in the business community and his own party. What began as a bold economic move to shore up domestic manufacturing has now spiralled into a source…