The S&P 500 closed down 8.6% from its Feb 19 record high, shedding over $5 trillion in market value since then. Read more at straitstimes.com.

NEW YORK - President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out US$4 trillion (S$5.3 trillion) from the S&P 500’s peak last month, when Wall Street was cheering much of Mr Trump’s agenda.