Financial markets around the world faced a tumultuous end to the week, driven by ongoing fears regarding tariffs and economic outlooks. Major U.S. indices, including the Dow, S&P 500, and Nasdaq, experienced significant declines, with the Dow tumbling by over 400 points. Investors are grappling with uncertainties as companies like FedEx and Nike report bleak forecasts, contributing to an overall sense of gloom. Asian markets showed mixed responses, with Hong Kong markets falling over 2% amidst worries about trade tensions. Trading activity is expected to remain sensitive as the outlook for tariffs continues to weigh heavily on market sentiment.