A huge -scale sale has already strengthened concerns about global retreat, Bloomberg’s records.
The financial market disaster, driven by US President Donald Trump, continued on April 7. It was reported by the Bloomberg News Agency.
The MSCI Asia Pacific Index has dropped 7.9%, which is the biggest fall since October 2008. This happened after Trump spoke of his tariff policy. The president of the United States invited journalists on Sunday night “forget about the markets for a second.”
In many Asian markets, panic began. The main indicator of Chinese sharing in Hong Kong fell over 9%. Yena has grown strongly because investors are looking for safe homes, and Brent oil has fallen by more than 4%. Nasdaq’s futures fell over 4%.
After the opening of the markets, after the weekend, the Taiwan stock index fell 9.8%, which became the biggest fall in history. Futures in Japanese actions have been suspended in a short time due to the operation of the circuit breaker, while Nintendo and Sony’s shares fell more than 10%.
Remembering investors reached a climax when Trump clarified that, unlike previous financial crises, the US government did not rush to help them, and China said he would introduce the appropriate role against the United States.
Since hope for a delay from Washington is fading, markets and officials monitor Beijing’s reaction. There are assumptions that China may be aggressive to deduct Yuan after that week the government of President Xi Jinping announced the corresponding duties of 34% for American goods.
A huge -scale sale has strengthened the fear of global retreat and has increased expectations that the US Federal Reserve will try to respond. However, financial minister Scott Immordin said there was no reason to take into account the prices. Immpty called the market massacre of a short -term reaction.
The Mintsze VU money businessman Stonex, working in the middle of Singapore’s business district, said he was observing the reduction in trading volume and the disappearance of liquidity.
The movement of the stock market has shown that the analysts have not yet considered a long global trade war in their corporate income forecasts. Some strategies today consider the situations of the falling market and make comparisons, which begins with the collapse of 1987, mentioned as “Black Monday”.
However, if one of them is encouraging the Trump team to re -consider the deadline for introducing duties this week, they have not signed it.
Remember that companies in the American Stock Market lost about 6.6 trillion dollars on April 3 and 4.
Trump said he was not concerned about a record of the record in the markets
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.