Donald Trump tariff: $760 billion wiped out from market cap of Apple, Google, Microsoft, Amazon, Tesla, Facebook in less than one day
The technology sector suffered particularly heavy losses due to the newly-imposed substantial reciprocal tariffs by US President Donald Trump with Magnificent Seven – Apple, Microsoft, Alphabet, Amazon, Tesla, Nvidia and Facebook parent Meta – hit the most, a report has said.
According to news agency Reuters, about $760 billion in market capitalisation was lost by these companies cumulatively within hours of the trading session’s close, with Apple among the hardest-hit.
