Asian stocks continue with their losses amid Trump's escalation

Asian stocks for the sixth consecutive session dropped in the longest losses of this year, after US President Donald Trump announced new customs duties, while the results of large technical companies did not revive the broader morale in the market. The MSCI Asia and the Pacific Index fell by 0.5%, led by losses in South Korea. The S&P 500 futures dropped 0.3%in Asian trade, while European contracts fell 0.4%. The White House said on Thursday that Trump will remain 10% in a global minimum fee, while importing commercial surplus countries with America will be subject to fees from 15% or more. The dollar settled on Friday after scoring its best monthly performance during the year in July. The Swiss franc decreased slightly, while the Canadian dollar remained stable. As for the Thai bull, it maintained a slight decline. Trump increased the fees on Canada to 35%, while the fees in Switzerland reached 39%. Market anxiety exceeds the enthusiasm of artificial intelligence. These movements indicate that concerns associated with economic growth and customs duties are better than the optimism paid for artificial intelligence that supports the shares of major technology companies. While artificial intelligence remains a pillar of long -term optimism, investors are preparing for possible consequences as a result of commercial disorders in the light of America and its most important partners to impose new fees. Also read: Trump gives Mexico 90 days before applying high customs duties, and Charo Chanana, the largest investment strategy in “Saksu Markets”, said: “The advertisement provides formal clarity, but it deepens the mystery in practice. Although the markets are known to the numbers, the absence of a clear framework and it seems to be the feeling of this drawings. It is difficult to do this. Announced fees are less than the maximum recorded on April 2, many specified rates do not have logical justifications, which will increase the fluctuations of the policy. Terrible, two states that reached an agreement at the last moment, they acquired a 19%fee. which has exceeded expectations, while Amazon shares have dropped below the level due to expectations. Initial public offerings, according to well -known people. to reach its fastest rates this year, while consumer spending has almost increased, reflecting the challenges that monetary policymakers face, on the direction of interest rates. The data also showed a slight increase in the modified consumer spending according to inflation.