Global stock markets collapsed through Trump. Cryptocurrencies and oil prices fell.
In Asia, Hong Kong markets were most affected, where the shares fell by 13%, and Taiwan, which registered a fall by 10% (the largest fall in history). Promotions in continental China fell by 7%.
The Stoxx European Stock Index basically panoraming has fallen by more than 5%, and the US USA S&P 500 is expected to open by 3%. The main indicators in South Korea collapsed by about 5%, and in Australia – by more than 4%in Japan – more than 7%.
WTI and Brent oil prices, as well as Russian Urals also fell. And on London metals, copper prices were significantly considered, which is often considered an indicator of economic growth from its industrial use.
The Bitcoins rate decreased by 4% – to $ 76,000, although most of this year it was sold above 80,000.
At least 23 companies included in the CAC 40 Paris Exchange index were not able to conduct Les Echos Investir on this Monday.
Panic on the Paris Exchange was caused by the escalation of the trade war. Aerospace and defense companies in France (-10.6%), Safran and Thales (-12%) were most affected. In addition to car companies, Stellantis and Renault, BNP Paribas, Credit Agricole and Société Génénérale (-8%) and Dassault Systèmes, Stmicroectectronics, Capgemini and Teletronics.
On the morning of April 7, CAC 40 fell by 6.5%.
A number of French media wrote that Paris was stopping all operations in the banking market, but officials have not yet confirmed the information of journalists.
The leading index of the Dax Frankfurt Stock Exchange, which includes indicators of the 30 largest joint companies in Germany, was opened by 10%this morning, Spiegel Online reports.
Dax is subjected to heavy victims on the third day in a row, as well as in the remaining stock markets in the world, which respond to new duties of the United States. The current fall is the largest since the spring of 2022, caused by a large Russian invasion of Ukraine.
The shares of the German armed company Rheinmetall AG fell by 26.88% after the opening of the auction, approaching the worst trading day in the history of the company.
Stock-index of MSCI Asia Pacific Index, which covers high and medium-sized capitalization companies in 13 countries of the Asia-Pacific region, has decreased by more than 7%during today’s auction, which has become the worst day for the index since 2008.
According to Bloomberg, the fall headed Chinese companies. The main indicator of Chinese actions that traded on the exchange in Hong Kong has decreased by more than 10%.
Most Asian markets fell to minimal values. The Taiwanese technology index fell by 9.8%. In Japan and South Korea, key indicators have lost more than 4%. The main stock index of India decreased by 5.1% – the largest in June 2024.
The fall of Asian currencies, including the Chinese Yuan, also influenced the Philippine Peso.
The real consequences of tariffs
The stock market has lost more than 5 trillion dollars since the inauguration of Trump 一, and this is the best demonstration why its policy is a loaf. These are reflections of the financier and member of the leading council Privatbank (2019-2022) of Roman Sulzhik.
As one American analyst said very well, Trump is absolutely unpredictable, but in one constant he always protects the interests of Russia.
Over the past 50 years, the world has created a global post -industrial economy. Production moved to cheaper countries, and the rich remained with services and capital. This deprived of the work of lower 25% of the population: without the necessary education, without access to qualified work. Hence the protest voice, who was afraid of immigrants and transgender people in women’s sports.
Bill Clinton explained that support for the injured workers was planned, but the Republicans blocked it. Only Obama managed to extend medical insurance for all citizens, and his entire first term Trump tried to destroy it.
(…) An attempt to return production in the United States is doomed. The Americans will not work 12 hours a day with a bottle of sand and 5-minute breaks every three hours. Such workplaces are already in Amazon – and for some reason they do not like Americans.
(…) The fact that the stock market has lost more than 5 trillion dollars since the inauguration is the best demonstration why this is a lighthouse. Even with a tax rate of 20%, these paper profits can bring a trillion of taxes that have just disappeared.
(…) The fact that things are produced in allies, and not in the USA, and this is a risk 一 Yes, you have the best army in the world! To protect their allies and supply chains!
But instead, the conversation about leaving NATO and throwing allies alone with potential threats. South Korea and Japan have already stated that they would coordinate China’s reaction to American tariffs.
But in all this there are positive consequences. The honeymoon or honeymoon of each new president, when he can do everything because Trump has already officially ended. And the fact that he did not include Russia in the list of tariffs makes it difficult to give them the following “gifts” to attract sanctions, press Ukraine, etc. Not that he did not try to do this, it will be simply more difficult.
And we just need to continue to stay. The Moscow Exchange index falls for two weeks in a row – the longest in history. Even there, they understand that their hopes that Donald will save them. And that’s good. ”
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.