Global Market Crash: Stock markets in Asia and Europe crashed on Monday, April 7, as investors’ concerns rise over a potential global recession due to Donald Trump’s tariffs, which are escalating the trade war between the United States and other world nations.
With no signs of de-escalation from the major economies in the world, the stock indices witness high investor selling pressure as they move to less risky assets during a potential upcoming economic crisis.
“The Dow Jones plunged over 5% last week, breaking the neckline of a weekly double top at 41,647, triggering a swift free fall. With a 15% decline over nine weeks, the index now sits in highly oversold territory,” said Anshul Jain, the Head of Research at Lakshmishree Investment and Securities.
“A sharp dead cat bounce is likely if the index sweeps last week’s low at 38,264. However, if the selloff persists and the index sustains below 38,264, the next downside target aligns with the 50-month EMA near 36,000—a critical support zone,” he said.
(This is a developing story. Please check back for updates.)
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