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Market Turmoil Amid Renewed Trade War Fears

Market Turmoil Amid Renewed Trade War Fears

Author:

Global Cryptocurrency

Published:

2025-10-13 00:37:02

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BTCCSquare news:

U.S. equities plunged sharply on Friday as President Trump reignited trade war tensions with China, threatening "massive" tariffs. The Dow Jones Industrial Average fell 2.73%, while the S&P 500 and Nasdaq-100 dropped 2.43% and 2.27% respectively. Semiconductor stocks like Nvidia and AMD bore the brunt of the sell-off amid concerns over supply chain disruptions and potential AI chip export controls.

Earlier weekly gains were erased as the market reversed course following Trump's comments about canceling a planned meeting with Chinese President Xi Jinping. Technology and green energy sectors—particularly vulnerable to China-dependent supply chains—suffered disproportionate losses.

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