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View all search resultsAsian stock markets slumped on Monday and European and US equity futures pointed sharply lower after President Donald Trump's tariffs on Canada, Mexico and China triggered fears of a broad trade war and a hit to global growth.
The dollar surged on Monday, pushing its Canadian counterpart and Mexican peso to multi-year lows while China's yuan slumped to a record low in offshore trading after US President Donald Trump kicked off a trade war by imposing sweeping tariffs.
Asian shares wavered on Friday, weighed down by the return of tech-heavy South Korean stocks from holidays, but relatively strong earnings from US tech giants kept risk sentiment intact while tariff threats pushed the dollar and gold prices higher.
The Japanese yen gave up some of the safe-haven driven gains on Tuesday as investors grappled with the potential implications of a Chinese startup's free open-source artificial intelligence model, while fresh tariff threats had the euro on the back foot.
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