On Monday, shares from the chip industry will be pulled down again by customs worries.
• Chip shares worldwide under pressure
• “Liberation Day” on April 2
• Announcement of other reciprocal tariffs expected by US President Trump
The uncertainty on the stock exchanges continues to increase: Chip shares on Wall Street were already under pressure on Friday, now there are significant losses in Asia and in pre-exchanging European trade. The background is the tariffs imposed by US President Donald Trump, which are to come into force from Wednesday. In addition, Donald Trump is expected to announce further reciprocal tariffs on this day, which stirs up the fear of a trade war.
Customs worries put a strain on chip shares worldwide
Already on Friday, chip shares listed on the US exchange Nasdaq were under pressure, heavyweights such as Nvidia, Intel and AMD, partly recorded, were significant losses. NVIDIA shares ultimately fell by 1.58 percent to $ 109.67 at NASDAQ, Intel papers collapsed 3.85 percent to $ 22.71 and AMD shares declined by 3.22 percent to $ 103.22. On Monday, too, the losses continued for a further 2.77 percent to $ 106.63 at NVIDIA, a minus of 0.92 percent to $ 22.50 for Intel and loss of $ 1.97 percent to $ 101.19.
On Monday, semiconductor shares on the stock exchanges in Tokyo and Seoul were under pressure. In Japan, the chip manufacturer’s stock slipped by 7.65 percent to 6,472 yen, papers from Tokyo Electron also lost 6.57 percent to 20,110 yen.
There were also clear losses in South Korea. Sk Hynix shares, one of the world’s largest manufacturers of memory chips, lost 4.32 percent and fell to 190,700. The Samsung Electronics share also had to accept a decline of 3.99 percent to 57,800.
In Europe, too, chip titles are down. Aixtron papers temporarily lose 2.13 percent to EUR 10.34, while Infineon shares temporarily fall by 2.22 percent to EUR 30.44. ASML shares temporarily give 2.06 percent from EURONEXT Amsterdam to 612.70 euros.
Donald Trump’s customs plans put pressure on the semiconductor industry
The background to this descent is the US tariffs that come into force on April 2, which mark a new escalation level in the international trade conflict. Companies from the chip industry are particularly affected because they are dependent on complex international supply chains.
As “Dow Jones Newswires” reports, US President Donald Trump also plans the announcement of so-called reciprocal tariffs on Wednesday, with which the United States wants to react to existing imports from other states. According to “Bloomberg”, these tariffs “all countries” should affect. So the US President told reporters on board the Air Force One that the reciprocal is “starting with all countries, so let us see what happens”. These statements dampen speculations that the scope of the tariffs could initially be limited. Thus, the car tariffs announced in the previous week could only have been a foretaste of further special levies, according to “DPA-AFX”. The customs dispute could possibly grow into a real trade war.
The Trump government has declared the “Liberation Day” (English “Liberation Day”) to the “Liberation Day”).
Editor finance.net
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