- Global stock markets were in a state of turmoil this morning With the valid of the huge customs duties on trade between the United States and China. The Chinese stock remained relatively, trading an apartment. But in the United States, investors at the S&P 500 continued to overcome both Yeserday trading and morning futures. It is chaotic in Japan and Europe as well.
The Chinese CSI 300 index increased by 0.4 % today, but this was the only good news in the global markets. As of 5:20 am Each time, the feelings of the fragile investor were spreading west. Euro Stoxx 50 decreased by 1.7 %, while S&P futures decreased by 0.4 %.
Goldman Sachs warned of another possible global shares in a memorandum to customers yesterday. “The possibility of further sale may exceed 35 % luckHe says.
US Treasury revenues sometimes increased during trading hours in Asia, where investors abandoned A traditional safe haven. This puts pressure on the Trump administration, which It was previously martyred in the shaky bond market For Wednesday’s decision to delay the definitions.
The US dollar index decreased by 1.4 %, as investors go to other currencies such as the Japanese yen, Swiss franc and the euro. gold, Another safe havenalso Break $ 3,200 an ounce.
“It is clear that there is an immigration of American assets. The falling bond market is never a good sign.” Reuters said. “This goes beyond pricing in slowing growth and commercial certainty.”
This is a snapshot of the massacre, who luck‘s The CEO daily:
- S & P 500Another 3.5 % decreased yesterday and now decreased 10.4 % YTD.
- S & P 500 futures contractsThey were in red this morning, pre -opening bell.
- In contrast to that:China SSE compound0.45 % rose today and only 0.75 % YTD decreased.
- Treasury bondsThey behave like risk origins. This is not good, the former treasury ministerLawrence Samarz says.
- Gold priceA safe haven for investors –Hit a new standard.
- VIX Fear IndexIt is still at its highest level since it struck Kovid in 2020.
- DollarWeak. It has lost 8.34 % of its YTD value against DXY, which is an index that tracks a basket of common currencies.
- Goldman SachsHe warned against withdrawing another possible global shares in a note to the customers yesterday. “The possibility of another sale was more than 35 %,” the note says.
On Friday, drops follow a sharp decrease in US stock markets on Thursday, as tariffs continued to influence investors despite Trump’s stop earlier this week. S&P 500 decreased by 3.5 %, which is the worst decrease in three years.
Investors wrestle with Trade war escalation and Confusion of the United States policySince the two largest economies in the world raise the rates of tariffs to amazing high levels.
The United States is now It imposes a tariff 145 % In all imports from China, the only country to get the “mutual definitions” of Trump. Late Friday, Beijing responded to the last rise in the US President’s tariff, which raised his own duties US imports to 125 %Starting April 12. It is likely to almost completely spend the trade of bilateral goods among the largest economists in the world.
Despite Trump’s decision to stop Historically high Levels, thanks to a 145 % tariff on Chinese imports, a 10 % flat tariff on all other imports, and 25 % tariffs on sectors such as cars, steel and aluminum.
Some Asian markets tracked the sharp decrease on Thursday in the American market. The Japanese Nikkei 225 index led to a decrease among the main Asia-Pacific markets, as it decreased by approximately 3 % on Friday. KOSPI also decreased from South Korea by 0.5 %, while the S&P/ASX 200 decreased in Australia by 0.8 %.
Japanese and Southern Korean manufacturers have deployed severe decreases on Friday, as Sony fell by 7.4 %, the largest global company Asia 500.
Other Asian markets were more optimistic, despite the escalating trade war.
The Hang Kong Index in Hong Kong increased by 1.1 %, its fourth consecutive day of gains with the city’s recovery from the market collapse on Monday, the worst since 1997. EV shares rose sharply after that a report From the German newspaper Handelsblatt China and Europe are in negotiations to reduce the European Union tariff for Chinese cars.
The Taiwan’s Taiex Index increased by 2.8 %, as manufacturers such as Foxconn and Quanta Computer have achieved more than 9 % in Friday trading.
Indian markets also rose, as 50 % rose by 1.8 % from 5:20 am. It is the first day in trading in the country since Trump announced the cessation of the customs tariff. (India exchange was closed on April 10)
It’s time for a deal?
Commercial partners in the United States are scrambling to negotiate commercial deals with the Trump administration and go to the sharp “mutual definitions”.
As of now, there are no signs that Chinese officials and Chinese officials will start negotiations to decrease tariff rates that now extend to triple numbers. Instead, Chinese President Xi Jinping is about to start a tour in Southeast Asia; European leaders in Beijing will also host in July, Post morning South China Reports.
At least both the United States and China suggest that they will not raise the definitions. Trump, in comments to reporters on Wednesday, said it was unlikely that Imposing a new tariff On China.
On Friday, Beijing said that he would not be divided into any other Trump threats, on the pretext that at this stage, it does not exceed the increase in customs tariffs. “If the United States raises more customs tariffs on Chinese exports, China will ignore such measures,” the country said. In a statement.
This story was originally shown on Fortune.com
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