Brief by Shorts91NewsDesk / 05:37am on 11 Apr 2025,Friday Business
Global financial markets faced significant turmoil on Friday due to escalating trade tensions, especially between the U.S. and China. The U.S. dollar declined, and a sharp selloff in U.S. Treasuries led to the 10-year note yield rising to 4.45%, marking the largest weekly increase since 2001. Investors sought safe-haven assets: the Swiss franc reached a decade high against the dollar, gold surged above $3,200 per ounce, and the Japanese yen strengthened. Asian markets were mixed; Japan's Nikkei dropped 4.3%, while Taiwan’s index gained nearly 2%. The heightened U.S.-China trade war has intensified fears of a deep recession and eroded confidence in U.S. assets. (PC: IG & Financial Times)
