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Home World New Zealand

Tech stocks tumble and market retreats as US-China trade war worsens

10 April 2025
in New Zealand
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Tech stocks tumble and market retreats as US-China trade war worsens
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Stocks plummeted on Thursday as US-China tensions escalated, with major indexes like the S&P 500 and Nasdaq dropping 5% to 7%. Tech giants Tesla, Amazon, and Apple saw significant declines, with Tesla falling over 10%. Analysts are warning of ongoing market volatility and uncertainty in US trade policy, as President Trump announced increased tariffs on Chinese goods, fueling fears of a prolonged trade war.

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Tags: A'sand..attentionbetweenChinaFelllocalMarketRetreatsRisingsharplyshiftedStatesStocksTechtensionsThursdayTimetradetumbleUnitedUSChinaWarWorsens
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