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Can Europe and emerging markets take the lead amid diminishing US exceptionalism?

Michael Ryan Tan
Michael Ryan Tan • 9 min read
Can Europe and emerging markets take the lead amid diminishing US exceptionalism?
Lombard Odier believes that the European industrial sector could see a sustained boost as Germany removes the debt brake and increases military and infrastructure spending. Photo: Bloomberg
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On March 10, US stock markets plummeted amid fears that President Donald Trump's tariff policies could plunge the world's largest economy into a recession.

The market selloff wiped out US$1.7 trillion ($2.27 trillion) in value, as the S&P 500 slid 2.7% on March 10, bringing it 9% lower from its Feb 19 all-time high of 6,144.15.

The Nasdaq also posted one of its worst days since 2022, sliding 3.8% and wiping about US$1.1 trillion in value on March 10. 

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