Asian shares slid on Friday after US President Donald Trump tariffs sent shivers via Wall -Rate At the level of shock invisible since the pandemic pummelect world markets in 2020.
Everything, from crude oil to large technology to the cost of the US dollar against other currencies decreased. Even gold, a traditional safe shelter that has recently sufferedWrite down the highspulled below after Trump announced his “Liberation Day”A set of tariffs’Which, according to economists, is the risk of a potentially toxic combination of weakening economic growth and higher inflation.
Markets in Shanghai, Taiwan, Hong Kong and Indonesia were closed on holidays, limiting the sale on Friday in Asia.
In Tokyo Nikkei 225 lost 4.3% to 33 263.58, while South Korea’s Kospi dropped 1.8% to 2441.86.
Both US allies said they focused on negotiations with less tariffs with the Trump administration.
Australia S&P 200 decreased by 2.2% to 7 684.30.
In other bidding in the beginning of Friday, the US dollar fell to 145.39 Japanese from 146.06. Yen is often used as a shelter in indefinite times, while Trump’s policy is partly designed to weaken the dollar to make goods made in the US, more pricing abroad. The euro received up to $ 1,1095 with $ 1,1055.
Trump has announced a minimum tariff of 10% on world imports, with a tax rate much higher on products from certain countries, such as China and provided by the European Union. The smaller poor countries of Asia were hit by up to 49%.
These are “plausible” tariffs in general, which will compete with levels invisible for more than a century, can bring down the US economic growth by 2 percentage points this year and increase inflation to almost 5%, UBS reports.
It is such a big hit that “makes its rational mind consider them adhere to their low”, according to Bhana Bavey and other UBS strategists.
Earlier, Trump said tariffs could cause “small violations” in the economy and markets. On Thursday, he lowered the influence.
“The markets will be boom, the shares will be a boom, and the country will be a boom,” Trump said, leaving the White House to fly to Florida.
The S&P 500 dropped 4.8% to 5,396.52, and the average industrial level Dow Jones fell 4% to 40 545.93. The NASDAQ composite collapsed 6% to 16,550.61.
Some of the worst hits that failed in smaller US companies, and the 2000 lesser shares decreased by 6.6% to attract more than 20% below their entry.
Four of every five, which make up the S&P 500 decreased.
Best Buy decreased by 17.8%because the electronics it sells is produced worldwide. United Airlines has lost 15.6%because customers who are experiencing the world economy may not fly so much for business and feel comfortable enough to take your vacation.TargetAgainst the backdrop of 10.9% against the background of the hassle that its clients, which are already squeezed by high inflation, may be even greater.
Investors knew10% below its all times.
Some analysts and investors believed that Trump could use tariffs just as a tool for negotiations rather than a long -term policy. But he noted on Wednesday that he sees them as a way to return factory jobs in the US, which could take years.
The Federal Reserve can reduce interest rates to support the economy, but lower rates can push inflation, already worry we are when weHouseholds are attractedto a sharp increase in their accounts from the tariffs.
Treasury yields partially collapsed for increasing expectations for rates, as well as the overall fear of the US economy. The 10-year Treasury yield decreased to 4.04% from 4.20% at the end of Wednesday and approximately 4.80% in January.
The report on Thursday is saidLast week, fewer US workers sought unemployment assistanceBetter than expected economists. A separate report states that the activities for transport, finance and other services in the field of services grew last month, but less than the forecast.
Also, at the beginning of Friday, the American landmark raw oil shed 70 cents to $ 66.25 a barrel. The Brent international standard, the international standard, decreased by $ 64 at $ 69.50 a barrel.
Originally this story was presented on Fortune.com
https://fortune.com/img-assets/wp-content/uploads/2025/04/AP25093631812542-e1743753098197.jpg?resize=1200,600
2025-04-04 07:54:00
Jiang Junzhe, The Associated Press
