India, April 3 -- Stocks across the globe dived and investors rushed to park their money with the safety of bonds, gold and the yen on Thursday after US President Donald Trump unveiled a bigger-than-expected round of reciprocal tariffs around the world's largest economy.

For instance, the tariffs severely affected the previously high-flying tech sector in particular with manufacturing hubs China and Taiwan facing levies over 30 per cent, bringing the total tariffs to an eye-watering 54 per cent, according to a report by news agency Reuters.

As a result, Nasdaq futures tumbled by four per cent and in the after-hours trade, around $760 billion was wiped from the market value of the Magnificent Seven technology leaders.

Apple was hit the ...