Global stocks slide as US tariffs hit markets

Global stock markets fell on Thursday as investors reacted to US President Donald Trump’s sweeping announcements on tariffs.
The UK’s FTSE 100 share index fell 1.5% and other European markets were also lower, echoing falls seen earlier in Asia.
While stocks fell, the price of gold, which is seen as a safer asset in times of turbulence, touched a record high.
Traders are concerned about the global economic impact of Trump’s tariffs, which they fear could stoke inflation and stall growth.
Markets across Asia had fallen sharply after Trump’s announcement, with the Nikkei in Japan closing down nearly 3% and Hong Kong’s Hang Seng index 1.5% lower.

Courtesy: BBC