Most analysts expect market volatility to continue as leaders of affected nations scramble to negotiate with US president Donald Trump.
PETALING JAYA: The trade war flares have further dampened global markets and the salvo of selling came after the United States’ reciprocal tariffs on its trading partners, including massive 104% duties on Chinese goods, kicked in yesterday.
Since the unveiling of the punishing tariffs last Wednesday, the S&P 500 has suffered a historic loss and is now nearing a bear market. The index lost 79.48 points or 1.57% to 4,982.77 on April 8.
