Worst stock market day in over two years

Trump's tariffs

World's stock markets in free fall after "liberation day"

Wayne Seretis

Updated 17.59 | Published 15.30

Trump's shock announcement about tariffs has shaken the world's stock markets.

The tech-heavy Nasdaq is heading for its biggest decline since the 2020 pandemic on Thursday.

The Stockholm Stock Exchange closed with its worst figures in over two years, according to DI.

Trump's announcement of massive tariff walls against the rest of the world was a shock to the world's stock markets.

In New York, Wednesday's rise was quickly erased when the stock markets opened with blood-red figures on Thursday morning US time.

The Nasdaq, which is dominated by large technology companies, opened sharply down by 4.4 percent.

The decline then continued, and by 11 local time the Nasdaq had fallen by 5.4 percent.

The Dow Jones index fell 2.8 percent immediately after opening in the morning local time in New York, and a couple of hours later was down to 3.4.

The S&P500 fell 3.3 percent at the opening and by 11 a.m. had fallen 4.1 percent.

Panic in Stockholm

The Nasdaq in Stockholm also fell sharply from the opening on Thursday.

When the Stockholm Stock Exchange closed, it had seen the biggest decline in over two years, according to DI.

The OMX30 index with the 30 most traded shares fell 3.8 percent, and the broad OMXSPI fell 3.4 percent.

The stocks that went against the tide in Stockholm were the defense giant Saab, which rose 6.3 percent, and the real estate market, where several players ended in the red.

The losers in Sweden were the major export companies Sandvik and SKF, which fell 6.9 and 65 percent respectively, as well as the truck and bus giant Volvo AB, which fell 12.4 percent.

Apple and Amazon hit hard

Apple, which manufactures a large part of its US-sold products in China, opened down 7.7 percent on Thursday. The fall continued, and now Apple has lost 8.8 percent of its market value.

Nvidia and Amazon are also falling, and are now down 6.8 and 8.1 percent respectively.

The decline began during the so-called pre-trade, before the stock markets opened.

Nike fell by a whopping 13 percent after Trump announced tariffs of 54 and 46 percent for China and Vietnam, respectively.

The company manufactures about half of its shoes in Asia, according to CNBC.

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Trump's tariffs
New York stock markets plunge after "liberation day"

Wayne Seretis

Updated 16.02 | Published 15.30

Trump's shock announcement about tariffs has sent the world's stock markets into a tailspin.

The day after Trump's press conference in the White House Rose Garden, the New York stock markets also plummeted.

The important S&P500 index is on track for its worst day since 2022.

The Dow Jones index fell 2.8 percent immediately after opening in the morning local time in New York.

The S&P500 fell 3.3, and the technology-heavy Nasdaq plunged 4.4.

Nike fell a whopping 13 percent after Trump's announcement of tariffs of 54 and 46 percent on China and Vietnam, where the company manufactures about half of its shoes.

The big tech giants are also plummeting.

Apple, which manufactures a large portion of its U.S.-sold products in China, opened down 7.7 percent on Thursday, Nvidia fell 4.95 percent and Amazon fell 6.3 percent.