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Inventory markets tumble amid tech-firm worries and commerce tensions

NEW YORK — Shares tumbled Monday after China raised import duties on quite a few U.S. exports, bringing the 2 financial giants nearer to a full-on commerce battle. Large expertise firms, lengthy investor favorites, suffered heavy losses.

The deepening worries over newly protectionist U.S. commerce insurance policies mixed with blowback towards expertise firms, together with Fb’s ever-widening privateness scandal, have prompted buyers to drag cash out of the market. That has meant steep drops in former huge winners together with Netflix, Microsoft and Alphabet, Google’s dad or mum firm.

Amongst different current winners, Intel dived 6.

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Author: Techno Info

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