New Delhi: a Global market Intensified on Monday after the announcement by US President Donald Trump of radical prices and Beijing reprisals with 34% of rights to all American imports from April 10.
The stock markets across Asia have strongly plunged, with the feeling of investors which collapse while the fears of a world trade war settled. Analysts say that more than 9 dollars of dollars have been destroyed in just two days, making comparisons with the 2008 financial crisis.
Wall Street is preparing for new losses after a net slowdown on Friday. The S&P 500 fell by 6%, the Dow Jones dropped by 5.5%and the Nasdaq dropped 5.8%, marking its worst day since the start of the pandemic. Meanwhile, the prices of the American crude crude fell below $ 60 a barrel and the dollar weakened at 145.98 yen, showing a transition to traditional shelters.
Meanwhile, Trump’s senior officials said more than 50 countries contacted the White House for pricing talks after import taxes swept the world markets. The Treasury Secretary, Scott Bessent, warned that the resolution of unfair commercial practices will not occur quickly.
Indian reference indices – BSE Sensex and Nifty50 – denounced on Monday, plunging more than 3.5% while global trade tensions and external opposite winds sent shock waves by the feeling of investors.
The two clues underwent strong intrajournual losses of almost 5% before staging a partial recovery. The Sensex closed 2,227 points or 2.95% less to 73,137.90, while the NIFTY50 settled at 22,161.60, down 743 points or 3.24%.
Tata Steel (-7.78%), L&T (-5.88%), Tata Motors (-5.56%), Kotak Mahindra Bank (-4.42%) and M&M (-4.06%) were among the largest Laggards in Sensex. The 13 sectoral indices ended with red, with technological actions – strongly exposed to the American market – lowering 7%. The wider market experienced a steep drop, with small and medium capitalization shares down 6.2% and 4.6%, respectively.
The last conduct of the market is awarded to the climbing of fears of a world trade war, aggravated by new American tariff measures and low global indices.
In the midst of volatility, a senior official of the Ministry of Finance told Reuters that India remained on the right track to achieve its GDP growth objective of fiscal year 201.3 to 6.8%, assuming that crude oil prices remain less than $ 70 per barrel.
Kospi de Seoul fell by 5.5%, driven by the losses of technological and manufacturing technology. South Korea, which is highly dependent on exports to the United States and China, faces a double front challenge.
Taiwan’s decision to restrict the uncovered sale stimulated a brief hope of stabilization, but regional sales have continued.
Kevin Hassett, head of the National Economic Council of the United States, said: “More than 50 countries have contacted the president to start a negotiation.”
The Tokyo market plunged 7.1%, with brief intra-day losses almost 8%. Investors rushed to safety assets, pushing the Yen to 145.98 for a dollar.
The American crude has dropped below $ 60 a barrel for the first time since April 2021, highlighting global demand problems.
Donald Trump, not coated by chaos, said: “Sometimes you have to take medication to repair something.”
Beijing retaliated with a rate of 34% on all American imports from April 10, sending the Shanghai composite down 6.5%.
The Chinese Ministry of Commerce described this decision as a direct counter-counter to “assault”, degenerating fears of an prolonged commercial impasse.
The president of the Fed, Jerome Powell, warned: “The trade war could lead to an increase in inflation and a decrease in growth.”
After the historic Friday crash-S&P 500 (-6%), DOW (-5.5%), Nasdaq (-5.8%)-US Futures highlighted more losses.
Trump has doubled: “It’s time to become rich.” However, Jerome Powell responded firmly: “Our obligation is to maintain the long -term inflation expectations well anchored.”
Ge Healthcare and Dupont have experienced two -digit losses in the midst of fears of a regulatory repression in Beijing.
Taiex of Taipei dropped by 9.8% while trading resumed after a vacation. The regulators introduced temporary borders to the uncovered sale until Friday to prevent a deeper rout.
President Lai CHING-TE said Taiwan would not impose reprisal rates but that he was aimed at negotiating a zero-tail agreement with Washington. A revival of $ 2.7 billion was announced to amortize the interior impact.
Australia’s ASX 200 sank 6.3%, marking its lowest point in almost 15 months. Prime Minister Anthony Albanese said: “You can’t change the world events. What you can do is prepare for them.”
The United States has imposed a 10% tariff on Australian goods, intensifying fears of recession.
The Singapore Times Straits index crashed 8.5%, reflecting one of the most steep regional declines.
The strong dependence of the city of the state of world trade made it particularly vulnerable to the spiral tariff war.
The reference index of South Korea Kospi plunged 5.26%, or 129.57 points, at 2,335.85, triggering a so-called side-car mechanism which briefly interrupted certain exchanges for the first time in eight months.
“South Korea has a very high commercial dependence; it is a country that lives on trade, so when the United States imposes excessively high prices like this, we become one of the hardest affected economies,” Kim Dae-Jong told Seoul University in Seoul.
The British markets were closed at the time of the editorial staff but should open heavily lower. Prime Minister Keir Starmer, in an editorial, wrote: “The world as we knew”, urging a new focus on “offers and alliances”.
The Saudi markets plunged 6.78% on Sunday – its worst day from the pandemic. ARAMCO shares lost 6.2%, reducing more than $ 133 billion of market value. The Peers Kuwait Gulf (-5.7%), Qatar (-4.2%) and Oman (-2.6%) also posted losses.
“Trump’s prices weighed heavily on the world markets, and in particular today on the Saudi markets,” reported the Al-Ekhbariya state.
Global economic uncertainty The assembly and central banks face the pressure to act. But Powell reported a cautious position: “A punctual increase in the price level should not become a problem of inflation in progress.”
The Fed is now faced with a compromise – cutting rates to amortize economical pain or stay firm to prevent inflation on the run.
While panic collapses in the world markets, investors’ feeling depends on the question of whether diplomacy can replace the confrontation. As Trump said, “they want to conclude an agreement.”
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