Analysts fear that the decade long bull run may be coming to an end.
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00:00Hello and welcome to Gov's News Daily with Us Wrap-Up. These are the headlines that we
00:05are following on December 17. We came across some mind-boggling numbers as far as the stock
00:11markets went. About $17 trillion of market capitalization has been wiped off in the year
00:16so far compared to a market capitalization of $87 trillion at the start of the year.
00:23That is on January 28. Remember that markets have been consistently on a bull run for the
00:29past decade or so and lately, coordinated global growth has been one of the major drivers
00:36of this stock market rally. Well, the battleground has changed for US and China. Earlier it was
00:43the trade war that resulted in war of words between the US administration and the Chinese
00:48administration. Now both parties seem to be at loggerheads at the World Trade Organization.
00:55China has accused US of unfair competitive practices in the WTO meeting that is currently
01:02underway. Remember that Chinese trade representative has said that US resorted to unfair trade
01:10practices by increasing the tariffs on steel and aluminium in the guise of national security
01:18interests. Tuk.com, the Amazon-owned e-commerce company, has started its fourth fulfilment
01:23centre in Dubai. The 23,000 square feet of high-tech facility will enable the small
01:30and medium enterprises to reach their customers faster. Remember that souk.com has said that
01:35it would open 600 jobs in the first year of its launch.