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Global markets on Monday fell due to concerns about the intensified trade war before the expected detection of the line of other tariffs Donald Trump.
Japanese, South Korean and Hong Kong stock The fall fallen sharply and accelerated the sale that began last week, after Trump said that the mutual American tariffs that he expected to announce 2 April would apply around the world.
“You would start with all countries,” Trump told reporters about Air Force One. “We'll see what happens.” The President said “every individual country in Asia” participated in the “unfair” business practices against the US.
Japanese benchmark Topix dropped by 3.3 % and the exporter oriented Nikkei 225 slipped by 3.9 %. On Tai -Wan, Taiex got rid of 3.3 %, while South Korea fell by Kospi by 2.6 %. Hong Kong's Hang Seg retreated 0.8 %.
The Chipmakers from the region were among the largest losers, with a manufacturer from semiconductor to Tai -wan and Samsung Electronics dropped by more than 2.9 %. The Japanese disco, a manufacturer of chip production tools, dropped by more than 7 percent.
In Hong Kong, Tencent and Alibaba dropped by 1.5 % and 2 %.
Gold hit a record $ 3,098 per ounce Troy, while the revenues of the US Treasury fell in the sign that investors had accumulated into safe assets.
“Many investors are.” [waiting] In order to announce real tariffs, depend on their positions and realize profits, ”said Wei Li, head of strategy with multiple assets for China in BNP Paribas Asset Management.” This notification of the tariff. . . He influenced the whole sentiment of the market. ”
Trump charged April 2 as a “day of liberation” for the US economy, but his plans to select the so -called mutual Tariffs In countries that judges have unfair business relations with the US, investors were concerned.
On the currency markets Yen strengthened by 0.4 percent against the dollar to 149.30, while the winner of South Korea was flat. The dollar decreased by 0.2 percent compared to the basis of key business partners.
Movements in Asia came in the US after a fall on Friday, where the S&P 500 dropped by 2 percent. Composite NASDAQ focused on the technique slipped by 2.7 % as grim data on the economy And the sentiment of consumers raised concerns about stagflation.
Futures markets pointed to a similar decline in the US, while the NASDAQs 100 by 1.2 % and S&P 500 by 0.7 %. In Europe, Futures for the Stoxx 600 was 0.6 %.
