European actions fell sharply on Monday, deepening a rout of the global market that started last week after the last announcements of the Price regime of US President Donald Trump.
The pan -European STOXX 600 was 6% lower shortly after the opening bell, all the sectors and the main scholarships undergoing significant losses. The Dax index of Germany was more than 9.5% lower than the first transactions.
Last week, the Stoxx 600 regional index won a loss of 8.4%, marking its worst week in five years. Over the past decade, the Stoxx 600 has not made it less than the start of the COVVI-19 pandemic in 2020.
Trump has announced his complete list of so-called reciprocal rates, with investors surprised by the extent to which imports from the main American trade partners are struck by new rights.
This decision also aroused fears of a world trade war, China retaliated by slapping 34% of the prices on American goods and in the EU promising to impose countermeasures if negotiations with America fail.
In Wall Street, the actions landed towards the end of last week, the technical actions “magnificent seven” maga-cap losing more than 1 dollars in a single day. Friday morning, the term contracts on American actions fell while the price repercussions continued.
Overnight in Asia, the actions also continued to sell, led by listed actions in China. Asian savings should be among the hardest affected by reciprocal prices, with Vietnam targeted by 46%, China with new prices of 34%, while Cambodia was affected with 49%prices and Sri Lanka with 44%. Many savings in the region play a key role in the supply chains of international companies.
Despite the reaction of the market, Trump has doubled his trade policies. The president told journalists on Sunday that even if he did not want the markets to drop, “sometimes you have to take medication to repair something.”
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