The flurry of sale in the Asian market continues because of customs fees

The sale of stocks and bonds has resumed, while the dollar has still dropped to the biggest decline in three years, in light of the aggravation of the global trade war that weakens the appetite of investors, which is already suffering from weakness. The Asian stock index is on its way to a third week’s registration of decline, as relief in the market became alarming after the White House administration made clear that US customs duties on China rose to 145%. The sale of US Treasury bonds, which started earlier this week, was also resumed. The “S&P 500” futures dropped by 1%. And indicating that investors are looking for safe havens and other alternative options other than the US dollar, the euro rose by 1.6%, and the value of the Japanese yen increased, while Gold recorded a new record. This sharp decline came only a day after financial markets welcomed President Donald Trump’s decision to postpone some of the wide customs duties he announced. But sales reflect increasing doubts about the planned discussions with the US trading partners, as well as the fear of the increase in tension with China. It seems that the trade previously known as “America First” – that is, invests in assets that win when the United States is better than the rest of the world – begins to reflect, amid the fear that the largest increase in customs duties in a century could push the largest economy in the world to stagnation. “The repeated changes in President Trump’s position on customs duties undermine the confidence of investors in the US government and the economy.” She added: “US stocks and bonds, as well as in the dollar, indicate that market participants redistribute their investment portfolios of the assets denominated in US dollars.” The weakness of the dollar expanded to the Asian trade sessions on Friday, after the Bloomberg index closed the dollar low 1.5% at the end of Thursday’s trading in New York. The value of the paid bonus against the fall in the dollar at a basket of competitive currencies during the next week has reached its highest level since March 2020, compared to contracts that bet on profits. Emerging market currencies even emerging market currencies such as Korean Won and Thai combat rose against the dollar. The emerging market currency index rose 0.6%, on the way to recording the best daily performance since August. The gains of the yen urged the Japanese currency to around 143 yen against the dollar on Friday, a level not recorded since October. The Swiss franc also affected its highest level in a decade. “We still believe that the anxiety associated with customs duties still exists, and that the road ahead is likely to see more fluctuations in the markets, because we have not reached an end to this crisis, but on the contrary, it seems that customs duties will be extended.” The shares in China and Hong Kong fell on Friday after it rose in the previous session with the support of the expectation that the government would announce more economic stimulus measures. The country’s leading leaders in Beijing were to discuss these measures. The news of the agreement with China appears to be news of increasing customs duties on Chinese goods, the indications of Trump overwhelmed that the United States are near an initial agreement on fees, without calling the country in question. “The Trump administration’s policy has developed from a comprehensive trade war against everyone, into a commercial war concentrated against China. Most investors believe that China has harmed himself when deciding to respond, while the vision in Beijing is different as many people see that the decline of Trump is a proof of a US weakness. analyzed, “said Nicolas Odan of Gavical Research. China is unlikely to respond to the expectations of some parties in Wall Street to make significant discounts in the value of the Yuan against the dollar, but according to Beijing he will choose to weaken his currency in a limited and thoughtful way, according to Alan von Mirin, chief analyst at Dansky Bank. The yuan’s daily reference exchange rate rose slightly on Friday, after six consecutive sessions of decline, supported by the decline in the value of the dollar. In the effect markets, the return on US Treasury bonds increased ten years by up to 6 basis points to add to a previous height with 9 points on Thursday, amid continued investors to sell their debt. The yields of Australian and New Zealand bonds also rose on Friday. The implications of fees on companies have begun the increasing dispute over customs duties in the influence of companies. Audi stopped delivering its cars to the United States, and the customs duties that came higher than expected, the Japanese company “Nintendo”, which postponed the pre -orders of the expected game “Switch 2”. From the “ray-pan” sunglasses to wigs, buyers in America may face sudden price increases. As for the retail business, “Five Belo”, he asked his visitors to refuse to load the products that are still in China and have not yet been sent to the United States. In the commodity markets, the oil fell slightly on Friday, while gold continued its profits. As for “Bitcoin”, it decreased slightly to about $ 79,600 early Friday morning.