Most stock markets in the Gulf ended lower on Monday, as equities across the world tanked on fears of a global recession caused by U.S. President Donald Trump's sweeping tariffs and the escalating trade war.

Wall Street is sinking again, following other global markets lower, as worries deepen about whether President Donald Trump’s trade war will torpedo the global economy. The S&P 500 was down 3.8% in early trading Monday,

Investors are bracing for another brutal week as trading partners respond to President Donald Trump’s economically devastating new universal tariffs. S&P futures point to a loss of about 5 percent when Wall Street starts trading Monday,