Global Markets Plunge Amid US-China Trade War Fears
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Global stock markets plummeted further on Friday, extending Thursday's sharp losses, amid escalating trade tensions between the US and China. China's retaliatory tariffs on US goods deepened concerns about a trade war, triggering widespread sell-offs. The S&P 500 fell 2.5 percent, following a 4.8 percent drop on Thursday. Tech companies and firms reliant on Chinese manufacturing suffered significant losses, with Apple and Nike shares falling sharply. European and Asian markets also experienced substantial declines, reflecting growing investor anxiety about the economic impact of the trade dispute.
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