Market View: From $7 trillion loss to 10% surge - US markets react to Trump’s rollercoaster tariff moves

Last week, US stocks lost close to $7 trillion in just two days. Earlier this week, Trump paused tariffs, sending the S&P 500 soaring 10%, the largest one-day percentage jump, since October 2008. So far, Trump's back and forth tariffs have sent markets in a panic.  In less than 24 hours after the US President backtracked on his once-in-a-century trade war, selloffs hit US assets including stocks, bonds and the dollar. The S&P 500 Index ended yesterday down 3.5%.  In Singapore, shares fell after the market opened on Friday. Most STI constituents suffered losses, with Singapore banks were down at the open. DBS shed 3.7 percent, OCBC fell 3.2 per cent and UOB dipped 2.8 percent. What do we make of these situations? On Market View, Willie Keng speaks with Benjamin Goh, Head of Research and Investor Education, SIAS to find out more. See omnystudio.com/listener for privacy information.