The German stock market suffered strong losses on Thursday.
After an extremely negative start, the DAX remained under pressure and 3.01 percent weaker at 21,717.39 points.
A similar tendency also showed the Tecdaxwho lost 3.95 percent to 3,470.92 points at the end of the trade.
For weeks, US President Donald Trump Thrown with a comprehensive customs package – now he has presented his plans. They are not only complex, but also unprecedented. The global stock exchanges react with significant losses. “On the US day of liberation there is not much left of free trade,” commented on the market observer Thomas Altmann from QC Partners in the morning. He warned that these measures could slow down global growth. Stephen Dover, market strategist at Franklin Templeton, also spoke of the end of the free trade era.
From Saturday, the USA will take all imports with a flat rate of 10 percent inches. In addition, a complex mechanism of mutual tariffs should bring even higher taxes for many countries. For EU exports, this means a customs load of 20 percent from next week. Almost all industries came under pressure in the markets on Thursday.
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The stock exchanges in Europe reacted with strong discounts to the latest developments on the customs front.
The Euro Stoxx 50 increased its initial losses in the further course of the day and ended Thursday trading 3.61 percent lower at 5,112.41 points.
The reason was the reciprocal tariffs imposed by US President Donald Trump, which, according to experts, drastically increase the risk of a comprehensive trade war. Most EU imports will be occupied by 20 percent inches in the future, while taxes of up to 50 percent are due for imports from other countries. Trump also plans additional tariffs on pharmaceutical products and semiconductors, which in particular could hit export -oriented companies hard.
“The European Union hit it particularly hard,” commented analyst Christian Henke from the broker IG Markets the tariffs. “The fear of a recession has grown significantly since last night.”
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On Thursday, the bears took over the rudder on Wall Street.
So opened the Dow Jones Already deep red and then remained in the loss zone. He ended the session with a minus of 3.98 percent at 40,545.93 points.
The tech value index broke even even more Nasdaq Composite One after he had lost more than 4 percent at the start. He said goodbye to 5.97 percent lower at 16,550.61 points.
The investors reacted shocked to the details of Trump’s punitive tariffs, which are worse than feared. Market participants are now worried that the higher tariffs raise inflation, reduce the profits of the companies and ultimately drive the economy into a recession. An increasing inflation could even force the US Federal Reserve to increase interest rates. This scenario particularly affects interest -sensitive technology values.
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The Japanese leading index is significantly downwards at the time of the week. The Chinese stock markets remain closed due to a holiday.
In Tokyo it shows Nikkei 225 At times with a massive loss of 3.89 percent at 33,384.99 points.
On the Chinese mainland, the Shanghai Composite Comparatively manageable 0.24 percent on Thursday to 3.342.01 counters.
In Hong Kong the Hang Seng 1.52 percent to 22,849.81 points.
The downward spiral triggered by US President Donald Trump’s customs shock continues in East Asia on Friday. The stock exchange in Tokyo is particularly hard. The pressure is additionally reinforced by currency development – the dollar continues to lose value, which further makes the exports of Japanese companies on a dollar -based.
Investors continue to flee to the bond market, where the returns continue to drop. Market observers also attribute this to expectations that the Japanese central bank should hesitate with further interest rate increases due to the economic loads from the tariffs. “The central bank’s view of the world could change significantly as a result of the announcement,” explains Naomi Muguruma by Mitsubishi Ufj Morgan Stanley Securities.
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