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The US market opened with a big decline on Thursday after President Trump announced reciprocal tariffs. The Nasdaq Composite has seen the biggest decline of more than 4 percent while the S&P 500 is seeing a decline of 3.7 percent. The Dow Jones Industrial Average has fallen by more than 3 percent. iPhone maker Apple, which makes its devices in China and other Asian countries, is heading towards its biggest decline since 2020. The company's stock has fallen by more than 8 percent.

Nvidia fell more than 6 percent. The shares of other tech companies are also seeing a big decline. Meta Platform and Nvidia fell more than 6 percent, while Tesla fell more than 5 percent and Amazon fell more than 7 percent. Nvidia, which makes its chips in Taiwan and relies on Mexico to assemble its AI systems, has been hit hard. Microsoft and Alphabet both suffered minor losses, falling about 2 percent. Brent slipped nearly 5 percent . The price of crude oil is also seeing a sharp decline. Brent has slipped about 5 percent. The price of Brent has come down to about $ 70 per barrel. Gold has also seen a decline after reaching a record high. The price of international gold has come down to $ 3108, which is a decline of about 2 percent.


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