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Benzinga
Benzinga
Business
Piero Cingari

Trump Shocks Markets: VIX Spikes 25%, S&P 500 Eyes Worst Day Since April

Donald trump

Wall Street's relentless rally came to an abrupt halt Friday as President Donald Trump's renewed tariff threats to China sent investors fleeing risk assets, triggering the biggest volatility spike in months and wiping out hundreds of billions in tech market value.

Trump accused Beijing of becoming "very hostile," claiming China was sending letters to countries worldwide announcing export controls on rare earth materials.

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