US President Donald Trump's tariff enforcement and an escalating global trade war have sent shockwaves across markets. Investors have lost trillions of dollars in days as the benchmark indexes remain in correction territory.
The 2024 rally, led by the magnificent seven stocks on the back of the AI hype, has simmered as tech giants face heavy losses amid heightened risks of global supply chain disruptions. The mag 7 witnessed losses between 9% and 20% in the past month, most of which were recorded in the past week.
