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S&P 500 Plunges Amid Escalating U.S.-China Trade Tensions, Tech Stocks Hit Hard
S&P 500 Plunges Amid Escalating U.S.-China Trade Tensions, Tech Stocks Hit Hard
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BTCCSquare news:
The S&P 500 tumbled 2.7% on October 10, 2025, as President Donald Trump's threat to hike tariffs on Chinese imports rattled markets. Semiconductor stocks like Advanced Micro Devices (AMD) and Nvidia (NVDA) led the decline, with the tech-heavy Nasdaq dropping 3.6%. Investors fled risk assets amid fears of a renewed trade war, highlighting the fragility of market sentiment in geopolitically charged environments.
PepsiCo bucked the trend, extending gains after strong international earnings. The divergence underscores how traditional defensive plays can outperform during market turmoil. Meanwhile, rare earth export restrictions by China added fuel to the fire, threatening global supply chains for critical tech components.
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