Bangkok (AP) – Asian markets and American future dropped Thursday after the announcement by US President Donald Trump increases prices on imports of goods from around the world.
Two -digit price hikes have sent chills to the global markets, while economists have warned that it greatly increases the risk of recession.
The future of the S&P 500 fell 2.9%, while for the industrial average of Dow Jones lost 2.2%, increasing potential losses when the American markets reopped on Thursday.
In Asian trade, Tokyo’s Nikkei 225 index briefly broke 4%, car manufacturers and banks taking big strokes. Shortly before closing the market, it was down 3.4% to 34,498.31.
The actions of Mitsubishi UFJ Financial Group plunged by 8.3%, as the potential impact of 24% tariffs on the Japanese economy dependent on exports has animated expectations that the central bank will continue to increase interest rates. The financial group Mizuho slipped 9.2%.
The actions of Sony Corp. fell 5.6% and Toyota Motor Corp. granted 6.3%.
The Japanese yen won, the US dollar falling to 147.04 Japanese yen of 149.28 yen. The euro increased to $ 1,0949 compared to $ 1,0855.
In South Korea, which was affected by a 25% rate, the Kospitic benchmark dropped 1.1% to 2,478.49.
Hang Seng of Hong Kong lost 1.9% against 22,776.00, while the composite index of Shanghai exceeded 0.2% less, at 3,342.39.
The announcement came as a “major shock,” said Yeap Junrong d’Ig in a comment. “China, in particular, was struck by an additional 34% rate, bringing its total price charge to 64% when the previous measures are taken into account.”
However, the losses were partly blurred by the expectations of a new economic recovery from Beijing to compensate for the impact of higher prices.
In Australia, the S&P / ASX 200 dropped 0.9% to 7,859.70.
The Bangkok set lost 1% after Thailand was assigned 36% of exports to the United States, which could drop from $ 7 billion to $ 8 billion, or around 2.3% of the total, Kasem Prunratanamala of CGS International said in a report.
On Wednesday, American actions whipped another dizzying day before Trump’s unveiling of his “Liberation Day” prices.
The S&P 500 increased by 0.7% to 5,670.97 after having cracked between an earlier loss of 1.1% and a later gain of 1.1%. He had a model this opening week with clear drops only to end the day higher.
The DOW Industrials added 0.6% to 42,225.32 and the NASDAQ composite climbed 0.9% to 17,601.05.
Financial markets around the world have been largely trembling in recent times due to uncertainty about the Trump trade war. He said he wanted the prices to make the global system that are fair and bring back manufacturing jobs in the United States from other countries. But prices also threaten to reduce the growth of the United States and other economies, while worsening inflation when it can be blocked above the 2% objective of the federal reserve.
