Analysts called Monday's falls "historic" and some even described it as a "bloodbath", recalling previous collapses since the start of the last century
Traders works on the floor of the New York Stock Exchange in New York City, on April 7, 2025. Wall Street stocks opened sharply lower Monday, joining a global selloff on worries that a trade war induced by US President Donald Trump's tariffs will spark a global economic slowdown.
Image: Timothy A. Clary / AFP
Monday's stock market collapses in Asia and Europe after China retaliated to steep US tariffs revived memories of similar market turmoil after the Covid pandemic and the last global financial crisis.
Analysts called the falls "historic" and some even described it as a "bloodbath", recalling previous collapses since the start of the last century.
On March 12, 2020—the day after the announcement—Paris fell 12 percent, Madrid 14 percent and Milan 17 percent. London dropped 11 percent and New York 10 percent in the worst fall since 1987.
Further falls came over the following days, with US indexes dropping more than 12 percent.