Five things to know about the US$5 trillion market selloff that is roiling the globe

Sectors hardest hit
Energy and technology sectors experienced notable declines due to their sensitivity to global trade dynamics. Oil hit a four-year low on expectations of a global slowdown, with West Texas Intermediate crude falling more than six per cent to about US$62 a barrel, according to . Brent crude was down about six per cent to about US$66, the lowest since 2021, as OPEC+ moves to increase output just as tariffs threaten energy demand.
Big Tech stocks with exposure to tariff-hit China slumped, including Nvidia Corp., which dropped more than seven per cent, Tesla Inc., which dropped more than 10 per cent, and Apple Inc., which dropped more than seven per cent.
Other stocks hit hard included Boeing Co., which fell more than nine per cent, and Goldman Sachs Group Inc., which declined more than seven per cent, leading the Dow lower.
Safe havens: bonds, crypto and gold
Investors are buying government bonds, leading to a significant drop in yields. The 10-year Treasury yield has fallen below four per cent. Bitcoin was trading about one per cent higher at just over US$84,000 on Friday. Investors have been buying more gold and gold funds recently, pushing the price to a record US$3,148.88 a troy ounce this week as they seek a safe haven from market uncertainty. But bullion slipped more than two per cent to US$3,037.65 an ounce, caught up in the selloff.