Nasdaq Sinks 3% As US Tightens Nvidia Export Curbs, Fed Flags Trade War Risks

Quick Summary:

US markets plunged overnight as tech stocks led a broad-based sell-off, triggered by fresh trade curbs on semiconductor exports to China and a stark warning from Federal Reserve Chair Jerome Powell over the economic fallout from ongoing tariff tensions.

The Nasdaq Composite tumbled 3.1%, weighed down by a 6.

Hunt Transport Services slumped 7.7% after the logistics giant posted an 8% drop in quarterly earnings, citing a slowdown in retail shipments.

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Category: InvestingBusiness

Markets: MalaysiaChinaJapan

Topics: Markets US Us stock

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 23:31:20 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 441 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Today

News ID: 27959284

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About Business Today

Main Topics: InvestingBusiness

Official Website: businesstoday.com.my

Year Established: 2001

Headquarters: Malaysia

News Last Updated: 1 days ago

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Publisher ID: #73

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