Brief by Shorts91 Newsdesk / 02:15am on 11 Mar 2025,Tuesday Business
Global markets fell on Tuesday after Donald Trump said the US economy was in a "period of transition," raising recession fears. The S&P 500 fell 2.7%, the Dow Jones dropped 2%, and the Nasdaq sank 4%. Asian markets followed, with Japan's Nikkei down 2.3% and South Korea’s Kospi losing 2%. Tech stocks were hit hardest, with Tesla plummeting 15.4% and Nvidia down 5%. Trump’s tariffs on China, Mexico, and Canada have sparked investor uncertainty. Analysts warn of inflation risks, while the White House insists tariffs will boost manufacturing and job creation.
