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5 Trillion Wiped: US Stocks Crash; Europe's Defense Spending; Asia Responds To US Tariffs - Market Update
The U.S. stock market is in turmoil, with the S&P 500 plunging 10% in just under a month, wiping out over $5 trillion in market value. What’s behind this steep decline? We break down the key factors, from escalating trade tensions under President Trump to the unwinding of the AI-driven stock boom.
Meanwhile, Europe is ramping up defense spending in response to U.S. policy shifts, with experts debating whether military investment could boost long-term productivity. And across Asia, nations are scrambling to respond to new U.S. tariffs on steel and aluminum, navigating economic fallout and trade realignments.
00:00 Introduction
00:13 North American Markets
02:58 Europe Markets
06:19 Asia Markets