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Carnage in global markets as recession fears mount

Upworthy Monday, 7 April 2025 ()
The News Stock markets plummeted Monday — in some cases by the largest margin in decades — after US President Donald Trump’s massive “Liberation Day” tariffs took effect. Asian and European shares tanked, with stocks in Hong Kong suffering their steepest fall since the 1997 Asian financial crisis…
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News video: 'Oil Over Panic': Saudi Arabia’s Markets Climb Despite Global Stocks Plunge After Trump Tariffs

'Oil Over Panic': Saudi Arabia’s Markets Climb Despite Global Stocks Plunge After Trump Tariffs 03:03

As global stock markets reel from a historic downturn—fueled by U.S. tariffs and heightened recession fears—Saudi Arabia stands out as an unexpected outlier. On Monday, the Tadawul All Share Index (TASI) climbed 0.67%, closing at 11,191.20, up from 11,077.19 a day earlier. The gain comes despite...

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