A collective sigh of relief swept across global trading floors on Tuesday as bargain hunters swooped on stocks, stemming a hemorrhage that had been spreading panic among investors.
Wall Street ended the day Tuesday, with solid gains after a rollercoaster ride that saw losses halved from Mondays plunge. Markets in Asia were down seven percent but regained momentum to close down 4.7 percent.
US stock markets went through more chaos on Thursday, with the latest losses only slightly behind the record-breaking Monday trimming as concerns mount over inflation and interest rate hikes.
Global markets continue to wobble precariously. European markets took a big hit on Tuesday, following major losses across Asia and particularly in Japan. Wall Street steadied after a torrid opening.
Trump says the tariffs, which target the world's major producers, are in response to unfair trade practices. Business associations condemned the move; Asian markets fell, with investors fearing a global trade war.
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