Stock markets tumble in Asia as Donald Trump’s tariffs loom

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Global markets have diminished in fear of an intense trade war before Donald Trump’s additional tariffs were unveiled on Monday.

Japanese, South Korean and Hong Kong Stock Intensely read, accelerating the sales bid that began last week, Trump said he hoped to apply a global appeal on April 2 that he expected US tariffs.

“You will start with all the countries,” Trump told reporters in Air Force One. “We’ll see what will happen.” The President said that “every single country in Asia” was involved in the “wrong” trade practice in the United States.

Japan’s benchmark topics declined by 5.5 percent and the exporter-based Nikkei fell to 225.5 percent. In Taiwan, Taix fell to 5.7 percent, South Korea’s Copes dropped by 2.6 percent. Hong Seng in Hong Kong is 0.8 percent behind.

The Chipmerers in the region were among the biggest victims, both the Taiwan Semiconductor Manufacturing Company and Samsung Electronics decreased by more than 2.5 percent. Japan’s disco is more than 7 percent reduced to equipment maker for chip production.

In Hong Kong, tensent and Alibaba have decreased by 1.5 percent and 2 percent respectively.

A Troy ounce record of gold was hit $ 3,098, while the US Treasury yield had decreased on a sign that investors were entering safe property.

“Many investors are [waiting] To declare the actual tariff, open their positions, and to realize the profits, “Wei Lee, the head of the multi-asset technique for China in the management of the BNP transport resources.” The announcement of this duty. The The The whole market has affected the feelings of the market. “

Trump gave April 2 a bill as “liberation day” for the US economy, but his plans to earn his so -called mutual position Tariff Investors in the countries where its judges have unfair trade relations in the United States.

In the currency market, the Yen dollar has reinforced 0.4 percent against the dollar, $ 149.30, while South Korea’s victory was flat. The dollar has decreased by 0.2 percent against the original trading partners’ currency baskets.

Asia movement came after the US Falls on Friday, where S&P 500 declined by 2 percent. Technology-centric Nasdak composit slide as 2.7 percent Dark data in the economy And consumers’ feelings raises fear about stagnation.

Future Markets points to a similar waterfall in the United States, contracts track Nasdak 100K 1.2 percent and S&P 500 below 0.7 percent. In Europe, Futures for Stroxx 600 have decreased by 0.6 percent.