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Global Stock Markets Slump Amid Fears Of Trade War

A monitor displays stock market information on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City

Global stock markets experienced a significant downturn on Monday following the imposition of tariffs by US President Donald Trump on Canada, Mexico, and China. This move has reignited concerns about a potential trade war and its impact on the global economy.

Stock markets in Asia and Europe reacted swiftly to the news, with Japan's Nikkei index closing 2.7% lower and South Korea's KOSPI dropping by 2.5%. Hong Kong's Hang Seng remained relatively stable, while China's markets were closed for the Lunar New Year holiday.

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