Sometimes massive price losses record the indices on the Asian stock exchanges on Monday after the sale of the sale on Wall Street on Friday.
There, in view of the economic and inflation concerns and the uncertainty with regard to other US criminal offenses, many actors had pulled the ripcord and sent the indices by up to 2.7 percent south. And for the start on Monday, the futures already signal other significant taxes on the US indices.
Stocking in Japan sags visibly
The tartest hit the Tokyo Nikkei 225 index, which at times rushes into the basement by 3.95 percent to 25,653.59 points. He also gets a headwind from the further upgrading yen. The dollar costs $ 148.90 yen, almost 2 yen less than at the same time on Friday. The background is a wide weakness of the dollar, triggered by worries about the US economy. Safety are looking for investors in this environment in Japanese government bonds, whose returns decrease accordingly.
In Shanghai, the Shanghai Composite is temporarily down to 3,318.77 points, while the Hang Seng in Hong Kong with a minus of 1.73 percent to 23,022.05 points does not really last. There, the market barometer had already had to accept significant reset the previous week. Here, even better than expected, unusual economic data from China cannot support. There, shopping manager indices were better for March than in the previous month and sometimes better than expected.
Trump ignites the next customs missile
The main topic and the greatest uncertainty factor are the customs plans of US President Donald Trump. April 2 is the cut -off date in the room for a long time, from which punitive tariffs – for example on auto imports – should work. Trump has also announced the announcement of new import duties for April 2. These are so -called reciprocal tariffs, with which he wants to react to existing import duties of the trading partners as well as other non -tariffs – or to things that he himself perceives as obstacles: for example, VAT. It is possible that the announcement will only come after the European markets were closed.
It is not yet certain whether Trump’s dispute will grow into a real trade war. While Canada’s (standing in the election campaign) Prime Minister Mark Carney, at least rhetorically, reacted extremely sharply to the tariffs already imposed, Brussels were more moderate tones. A European answer to the US tariffs could take several months. There are still hopes and appeals that Trump will still be involved in negotiations, which he has so far rejected.
Dow Jones Newswires