A stock market rout, historic in scale, has swept across the globe wiping more than $10 trillion off major markets, as concerns about the economic damage unleashed by U.S. President Donald Trump’s tariffs spiral. The S&P 500 stock index fell over 10% in the last two trading sessions of last week, its worst performance since the end of the Second World War and rivaled by the 1987 stock market rout, the 2008 global financial crisis and the 2020 COVID shock. Kevin Thozet, investment committee member at Carmignac, said he expected U.S. stocks to keep falling and the cost of borrowing for companies to keep rising.Read More
