Stock markets plunge as Trump ramps up tensions over Greenland

AI Summary
On January 21, 2026, global stock markets plunged following President Trump's intensified threats to acquire Greenland. Wall Street experienced its worst day since October, with the S&P 500, Nasdaq, and Dow Jones all experiencing significant declines. The US dollar also weakened, while gold prices surged to a record high. European and Asian markets followed suit, reflecting investor anxiety over Trump's demands and the potential for escalating tensions with Denmark and other European nations. Trump claims control of Greenland is vital to US security due to China and Russia’s strategic ambitions in the Arctic. The situation has strained US-European relations, raising concerns about the future of NATO and transatlantic trade.
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