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Shares slide, US Treasuries rally as Trump tariffs unleash recession fears

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Investors struggled to catch their breath as sharp asset price moves in the past 24 hours pummelled Wall Street stocks in their worst performance since the COVID-19 pandemic

Reuters

04 April, 2025, 11:15 am

Last modified: 04 April, 2025, 11:22 am

A man looks at a stock quotation board showing Nikkei share average outside a brokerage in Tokyo, Japan April 2, 2025. REUTERS/Kim Kyung-Hoon

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A man looks at a stock quotation board showing Nikkei share average outside a brokerage in Tokyo, Japan April 2, 2025. REUTERS/Kim Kyung-Hoon

Financial markets were gripped by recession fears as stocks extended a punishing global selloff on Friday in the wake of US President Donald Trump’s sweeping tariffs, helping drive a rally in US Treasuries and…

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