Stock markets collapse in Asia when tariffs on Trump emerge

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Global markets fell on Monday over the fear of the intensified global trade war on the eve of Donarad Trump’s expected discovery.

Japanese, South Korean and Hong Kong actions declined sharply, accelerating the sale that started last week after US President Donald Trump said the mutual tariffs, which are expected to announce on April 2, will apply on the world.

“You will start from all countries,” Trump told reporters aboard One. “We’ll see what will happen.” He said that “every country of Asia” is engaged in “unfair” trade practices against the United States.

The Topix Japanese benchmark fell by 3.2 percent, and the Nikkei 225 focused 3.9 percent. In South Korea, Kospi fell 2.2 percent. Hong Kong Hang Seng sank 0.4 percent.

Gold reached a record of $ 3,098 per ounce, while the US Treasury fell, as a sign that investors were going to safe assets.

“Many investors (waiting) when actual tariffs are announced, promoting their positions and implementing profits,” said China’s Vey Lee, Head of the Chinese Magineous Strategy at BNP Paribas Asset Management. “This is the tariff ad … affected all sentiments in the market.”

Trump exhibitions to account April 2 as “Liberation Day” For the US economy, but its plans to recover the so -called mutual tariffs for the countries that the judges have unfair trade relations with the US, disturbed by the investor.

In the foreign exchange markets, he strengthened 0.4 percent to the dollar up to 149.30, while the Korean victory was equal. The US dollar fell 0.2 percent to the basket of key trading partners.

Slides in Asia came after falling on Friday in the US, where the S&P 500 decreased by 2 percent. Composite nasdaq, focused on technology Deterioration of economic data They gathered fears about stagflation.