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Asian shares are sharply lower, Tokyo tumbles 4% after Wall Street retreat
- Asian shares fell sharply, with Tokyo's Nikkei 225 dropping more than 4% after significant losses on Wall Street.
- Investor worries have increased due to President Donald Trump's escalating tariffs affecting U.S. consumer spending.
- Concerns about inflation and a slowing U.S. economy prompted worries that households would cut spending due to these tariffs.
- A survey by the University of Michigan indicated that two out of three U.S. consumers expect unemployment to worsen in the coming year, the highest since 2009.
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The next round of United States tariffs scheduled for this week influenced business
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Coverage Details
Total News Sources139
Leaning Left20Leaning Right13Center39Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 28%
C 54%
R 18%
Factuality
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