DeepSeek Boosts Market Plunge
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Business & Economics
Treasury's Bessent: Market drop a 'Mag 7' problem, not a MAGA one, he says in Tucker Carlson interview
74% Informative
U.S. Treasury Secretary Scott Bessent says the stock market plunge has more to do with the emergence of China 's DeepSeek artificial intelligence tool than with President Donald Trump 's policies, he said in an interview released on Friday that signaled little concern about the ongoing nosedive in the market.
U.N. stocks have tumbled by around 10% in the two days since Trump announced a new global tariff regime that was more aggressive than analysts and investors had been anticipating.
The S&P has lost nearly 14% since February 19 .
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