Asian markets plunge with Nikkei diving in Japan almost 8% after Big Wall St. Meltdown: NPR

Bangkok – Asian sharing denounced Monday after the collapse of Wall Street on the pricing hikes of US President Donald Trump and Beijing.

Future Americans also reported a new weakness. The future of the S&P 500 lost 2.5% while that of the industrial average of Dow Jones lost 2.1%. The future of the Nasdaq lost 3.1%.

Tokyo’s Nikkei 225 index has lost almost 8% shortly after opening the market. At noon, it was down 6% to 31,758.28. A circuit circuitist has briefly suspended the trade in term contracts on Topix after an anterior active fall in American term contracts.

Among the biggest losers were Mizuho Financial Group, whose shares flowed 11.3%. Mitsubishi UFJ Financial Group’s shares lost 9.9% while investors were panicking about how the trade war can affect the global economy.

Chinese markets often do not follow global trends, but they have also dropped. Hang Seng of Hong Kong dropped from 9.4% to 20,703.30, while Shanghai’s composite index lost 6.2% to 3,134.98.

Electronic commerce Alibaba Group Holdings dropped by 10% and Tencent Holdings, another technology giant, lost 9.4%.

South Korea Kospi lost 4.1% against 2,363.82, while the Australian S&P / P / P / ASX 200 lost 7,377.70, recovering from a loss of more than 6%.

Oil prices have flowed more, with an American gross reference down 4%, or $ 2.50, at $ 59.49 per barrel. The Brent Brut, the international standard, granted $ 2.25 to $ 63.33 per barrel.

In the currency trade, the US dollar fell to 146.70 Japanese yen from 146.94 yen. The yen is often considered a safe refuge during periods of trouble. The euro slipped to $ 1,0926 from $ 1,0962.

Friday, the worst Wall Street crisis since Covid struck a high speed. The S&P 500 fell by 6% and the DOW plunged 5.5%. Composite Nasdaq dropped by 5.8%.

Market observers expect investors to face more wild oscillations in the days and weeks to come, with a short -term resolution for the trade war that is unlikely.

Nathan Thooft, investment director and main portfolio director at Manulife Investment Management, said more countries are likely to respond to the United States with reprisals. Given the large number of countries involved, “it will take a long time in our opinion to cross the various negotiations likely to occur”.

“In the end, our point of view is the uncertain market and volatility is likely to persist for a while,” he said.

The losses occurred after China twinned the great increase of President Donald Trump in the prices announced last week, increasing the challenges of a trade war that could end with a recession that hurts everyone. Even a better than expected report on the American labor market, generally the culminating economic point of each month, was not enough to stop the slide.

Until now, there have been few or no winners in the financial war markets, and China’s response to American rates has caused immediate acceleration of market loss in the world. The Beijing Ministry of Commerce said that it would meet the 34% prices imposed by the United States on imports from China with its own 34% rate on imports of all American products from April 10, among other measures.

The United States and China are the two world’s largest economies.

A great fear is that the trade war can cause a global recession. If this is the case, the share prices may be more likely than they have already done. The S&P 500 is down 17.4% compared to its record established in February.

Trump said the Americans could feel “a certain pain” because of the prices, but also said that long-term goals, including to recover more manufacturing jobs in the United States, were worth it. He seemed imperturbable because millions of investors have lost large pieces of their nest eggs.

From Mar-A-Lago, his private club in Florida, he headed for his golf course a few kilometers after writing on social networks that “this is the ideal moment to become rich”.

The federal reserve could amortize the coup of the prices on the economy by reducing interest rates, which can encourage companies and households to borrow and spend. But the president of the Fed, Jerome Powell, said on Friday that prices could increase expectations in terms of inflation and that lower rates could supply even more prices.

“Our obligation is to maintain the long -term inflation expectations well anchored and to ensure that an ad hoc increase in the price level does not become a current inflation problem,” said Powell.

Many will depend on the duration of Trump prices and the type of reprisals that other countries provide. Part of Wall Street manages the hope that Trump will reduce the prices after the pricing of the “victories” of other countries following negotiations.

Stuart Kaiser, head of the American capital strategy at Citi, wrote in a note to customers on Sunday that profits and stock market values ​​still do not reflect the potential impact of the trade war. “There is enough space for disadvantage despite the great decline,” he said.

The Trump administration has shown no signs of restraint on prices that caused billions of dollars in losses.

Appearing on “Sunday Morning Futures” by Fox News Channel, the Commercial Advisor of the White House, Peter Navarro, echoed the president when he said that investors should not panic because the approach to the commercial administration would inaugurate “the biggest boom in the stock market that we have ever seen”.

“People should just sit tight, let this market find its bottom, do not shake panic in the media,” said Navarro.