Global Stock Market Plunge due to President Trump's Tariffs

Global stock markets plummeted as investors feared economic devastation from President Trump's tariffs, with major banks predicting a high probability of recession. Asia saw significant drops in stock indexes, with Hong Kong's Hang Seng Index falling 13.2% and Taiwan's composite index dropping nearly 10%. European markets and U.S. futures also showed weakness.

Impact of President Trump's Tariffs on Stock Markets

U.S. stock markets dropped on Monday due to fears of economic devastation from President Trump's tariffs. Trillions of dollars have been wiped out in global stock markets since the tariffs were announced. Major investment banks have cut economic forecasts, with the probability of a recession rising. Some high-profile figures are criticizing Trump's tariff policies.

Western Investors Looking Beyond US to China's Tech Industry

Western investors are looking beyond the US due to Trump's tariff policies, leading to increased interest in China's tech industry and stock markets.

Impact of Trade War on Global Markets

Asian shares tumbled as worries about inflation and a slowing U.S. economy due to the trade war intensified. Gold hit a record high. Stock markets worldwide are shaky as more tariffs loom. Investors turned to traditional safe havens like gold.

Market Volatility and Economic Concerns

Tumbling stock markets and rallying Treasury bonds steadied in Europe after previous day's dramatic moves. President Trump's comments about a potential economic slowdown contributed to market concerns. Traders are now pricing in 85 basis points of easing from the Fed this year, while investors are cautious about inflation and tariffs impacting the economy. Safe havens like the Japanese yen and gold are in demand amidst market volatility.

Ukraine-U.S. Talks, Stock Markets, Deportation Case

Ukraine and U.S. to hold talks on ending Russia's war, stock markets slide due to potential impact of Trump tariffs, federal judge halts deportation of activist arrested by ICE.

Rise of High Net Worth Individuals and Wealth in 2023

The number of high net worth individuals (HNWI) and their total wealth have reached record highs in 2023 due to investments in soaring stock markets, according to a study by Capgemini. Their fortunes have risen as stock markets surged, reversing a decline in 2022. Rising wealth and inequality have sparked debates on making the rich pay their fair share of taxes.