The spark of the sale of shares extends to Asia after Trump's customs definitions
A sales wave in the US stock market has expanded to the Asian markets, after President Donald Trump promised to impose definitions on commercial partners, the ghost of a trade war that threatens worldwide economic growth, while bonds have risen. The stock indicators in Sydney, Tokyo and Hong Kong declined on Tuesday, after the ‘S&B 500’ index was the worst sale of this year, as it fell about 2% when the US president said Mexico and Canada could not negotiate to get a deadline that will come into effect on Tuesday. Trump also signed an order that doubled the fees on China to 20%. The revenue of US bonds has decreased. Investors are increasingly concerned about escalating geopolitical tension and the exacerbation of the possibility of mutual definitions of the worst of the global trade conflict. The Chinese Ministry of Trade confirmed on Tuesday that anti -definitions were taken against US definitions. These moves come before the annual meeting of the National People’s Conference, which begins in Beijing on Wednesday, amid the expectation that China will clear measures to stimulate the economy. The high levels of anxiety wrote Chris Weston, head of the research department at Pepporstone Group Ltd, in a note: “The levels of market anxiety have increased, and we see that traders are forced to respond strongly and dynamically.” However, he added: “However, the fluctuations in the market are increasing, and we must be ready to appear news headlines at any moment.” The S&B 500 index fell 1.8% on Monday, and the “Seven Great” index fell 3.1%. Trump also said on Monday that the United States will impose definitions on ‘external’ agricultural products from April 2, which added another layer of threats to impose commercial barriers on imported goods. He did not specify the products that would be affected, or whether there would be exceptions. This resulted in the prices of the Chinese soy meal, used in food and animal feed, to the closure of 2.6% Monday, which is the largest increase in more than three weeks. The failure of our soybean shatters can lead to further narrowing of the market. On Monday, retaliatory measures from China reported the Global Times newspaper on Monday that Beijing is considering retaliation over US agricultural and food products in response to the latest US president’s measures. The Bloomberg index of the dollar fell slightly. The Canadian Dollar and Mexican Peso have decreased. Expectations for emerging Asian currencies have again deteriorated to the new definitions of China. Regional currencies have dropped over the past week, as the Thai and the South Korean color fell by about 2%. Trump said on Monday that Japan and China are putting the United States in an unfair position when their currency weakens. Investors are awaiting the National Congress Meeting to provide evidence of how China strengthens economic growth. Policymakers are expected to increase budget deficit in more than three decades to the highest level, which will lead to Yuan’s pump in a system suffering from stagnation, real estate crisis and now a trade war with the United States. An investment in American Chips said “Taiwan Simonkendic Maniofkatchurring”, the largest producer of artificial intelligence chips in the world, said it intends to invest an extra $ 100 billion to US factories that will improve the production of slides on US land and support Trump’s goal in increasing local manufacturing. In economic data, the manufacturing reading on Monday was the latest in a series of disappointing US economic reports over the past two weeks, showing twice the housing market, high unemployment claims and low personal spending. There is a ‘very small opportunity’ to move the US economy to the economic recession, despite the uncertainty surrounding world trade policy, according to Goldman Sachs CEO David Solomon at the top of the business arranged by the Australian financial review in Sydney on Tuesday. The fluctuation of encrypted currencies The cryptocurrencies remained volatile after Trump made invitations to form a stock of encrypted assets. Bitcoin fell the second day after it ended up with more than 9% on Monday. In terms of geopolitical tension, Trump commanded the suspension of all military assistance to Ukraine, which increased the pressure on Volodimir Zellinski a few days after a confrontation in the Oval Office with the Ukrainian president’s support of his country’s doubted ally. In the commodity market, the oil decreased with the announcement of the “OPEC+” coalition that it will continue with the plans to stop production. Gold rose the day before.