Major technology companies suffered their worst single-day losses since April last week, with Amazon , Nvidia and Tesla leading a $770 billion wipeout in market capitalisation following President Donald Trump 's threats of increased tariffs on Chinese goods. According to a report by CNBC, shares of Amazon, Nvidia and Tesla each dropped approximately 5% during October 10 trading, dragging down the broader market. The report said that the Nasdaq fell 3.6% and the S&P 500 declined 2.7%, marking the worst performance for both indexes since April, when Trump first announced plans for "reciprocal" duties on US trading partners. Last week, Trump declared in a social media post that the U.S. would impose a 100% tariff on China. He also announced that on November 1, the administration woul

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