Trump's Tariffs Trigger $10 Trillion Global Market Value Loss; Tech Giants Suffer Heavily

Global equity markets have seen a significant value destruction due to Trump's tariffs, with a loss of $10 trillion in capitalization worldwide, according to Bloomberg. The S&P 500 experienced consecutive 4% drops for the first time since the Great Depression. Spanish Ibex 35 fell by 11.5%, erasing €95.8 billion. The "Magnificent Seven" tech companies lost €1.5 trillion, with Apple leading the decline. European firms also saw losses, with HSBC and Shell among the most affected. Analysts suggest market instability may persist unless trade tensions ease or the U.S. avoids a recession.