New York CNN —
After a prolonged period of calm, financial markets went into a tailspin this week.
The Japanese Nikkei 225 index tanked more than 12% on Monday, marking its worst performance since 1987. The S&P 500 sank more than 3% and shed $1.3 trillion in value, notching its worst day since the 2022 bear market. The Dow lost 1,000 points that same day, and the Nasdaq Composite ventured further into correction territory. All three major indexes ended the week lower.
What happened?
One trigger for the selloff was the unraveling of the
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