Trump’s prices see the shares plunge and investors rush to obligations, gold and yen | Trump prices

Actions have plunged and investors rushed to the security of bonds, gold and Yen on Thursday while Donald Trump unveiled a larger than expected price wall in the largest economy in the world, upsetting trade and supply chains.

The technology sector has been struck while manufacturing centers in China and Taiwan have been faced with new prices greater than 30%. In total, China is now faced with 54% prices reducing its eyes on its exports to the United States.

“The effective American rate rate on all imports seems to have been the highest level for more than a century,” said Ben Wiltshire, a global Citi world prices.

Nasdaq’s term contracts dropped by 3.3% and exchanges after working hours of around 760 billion dollars were wiped off the market value of the “magnificent seven” technological leaders. Apple actions – struck the hardest because iPhones are manufactured in China – have dropped by almost 7%.

U&P 500 term contracts fell 2.7%, FTSE term contracts dropped by 1.6%, while European term contracts fell by almost 2%.

Gold has reached a record greater than $ 3,160 per ounce, and oil, an indirect indicator of global growth, dropped by more than 2% to put the Brent reference future at $ 73.24 per barrel.

The Nikkei of Japan dropped by 2.8% after having previously slipped into a hollow of eight months, almost all members of the index falling as sender, banks, insurers and exporters have shots.

The widest MSCI index in Asia-Pacific outside Japan has dropped by more than 1%.

The yields of the US Treasury to 10 years of reference fell 14 basic points to a lower five months of 4.04% while investors have prepared for slower American growth, while term contracts on interest rates at the price of a higher rate drop in the coming months.

“The prices are so complete and much larger than what we expected,” said Jeanette Gerratty, chief economist of fortune Robertson Stephens at US Tech Heartland in Menlo Park, California.

Trump announced a reference rate of 10% on imports from all countries, with much higher rates on certain business partners, especially in Asia.

In addition to the Chinese tax of 34%, Japan obtained a rate of 24%, Vietnam 46%and South Korea 25%. The EU was affected with 20%.

The Chinese markets opened with the CSI blue chip index 300 down 0.24%, while Shanghai’s composite index was down 0.1%.

The Hong Kong Hang Seng index slipped 1.6%.

Elsewhere, Kospi in South Korea has dropped by 2%. Van Eck’s FNB Vietnam has dropped more than 8% in the business after opening hours. Australian shares have dropped by 2%.

The Taiwan markets were closed for holidays.

The China Yuan fell to its lowest since February 13 on the OnShore market at 7,3060 for a dollar, according to its offshore counterpart, which has the lowest at a lower two months earlier in the session. Trump has also closed an escape used to ship low value of China, which should harm its giant online retailers

The term contracts on the obligations of the Japanese government of ten years have made their quieter leap in eight months.

“The prices announced today lead to a significant risk for global trade,” said Zhiwei Zhang, chief economist at Pinpoint Asset Management in Hong Kong.

“The supply chains in East Asia face the pressure in particular.”

The US dollar was higher against Asian currencies in the trade in roller coaster, except against the safety yen, which reached the good side of 148 yen per dollar.

Trade partners should respond with their own countermeasures that could cause prices considerably higher.

“The rate rates unveiled this morning far exceed reference expectations, and if they are not negotiated quickly, expectations for a recession in the United States will increase considerably,” said Tony Sycamore, IG market analyst.