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MARKETS IN CHAOS AS TRUMP PULLS THE PLUG ON GLOBAL ECONOMY

Treasuries have surged as investors sought safe havens amid growing uncertainty over US President Donald Trump’s policies, pushing the yield on 10-year Treasuries down seven basis points to 4.33%. The sell-off in chipmakers, led by Nvidia Corp., was fueled by concerns over new measures to curb China's semiconductor industry and a widening split with allies over Ukraine. The VIX Index, a measure of volatility, touched its highest level this year at just below 20.

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