Global stock markets tumble, bonds rally on recession fear


— AFP

NEW YORK: Asian share markets and US stock futures tumbled yesterday as fears of a global trade war led investors to ramp up bets on the risk of recession and a US rate cut as early as May.

Yesterday’s rout extends a two-day sell-off that wiped trillions of dollars from equity values after US President Donald Trump’s administration announced sweeping tariffs last week.

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Asia , equity , stock , tariff

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