Global markets went into a tailspin Thursday after the U.S. announced sweeping tariffs targeting major trading partners, with tech giants bearing the brunt of investor panic. 💻⚡️ The move sent Nasdaq futures plunging 4%, wiping $760 billion from top tech firms like Apple in after-hours trading alone.
President Trump's new tariffs — hitting 34% on goods from the Chinese mainland and up to 46% on Vietnam — triggered a flight to safety. Gold soared to a record $3,160/oz, while 10-year Treasury yields dropped sharply as traders bet on slower growth and potential Fed rate cuts. 📊
"This is economic whiplash," said Jeanette Gerratty of Robertson Stephens. "The scale here rewrites global trade rules overnight." 🇺🇸🌏
Asian markets felt immediate pain: Tokyo's Nikkei hit an 8-month low (-3.9%) while South Korea's Kospi fell 2%. European and U.S. futures signaled more turmoil ahead. 🏛️📉 With oil prices sinking 3%, all eyes now turn to how China and other targeted economies will respond.
For young investors tracking their portfolios: this tech wreck serves as a harsh reminder that geopolitical risks can upend markets faster than a TikTok trend goes viral. 📱💸
