Tumbal in global stock markets amid tariff war; Japan, China and India hit hard: to learn 10 things
New Delhi: A Global market route On Monday, after the announcement of retaliation of tariffs and Beijing by US President Donald Trump, all the US imports starting on April 10 intensively with 34% of duties.
The stock markets fell rapidly across Asia, with the collapse of investor spirit as the fears of global trade war. Analysts say that comparing with the 2008 financial crisis, the market price has been eliminated over $ 9 trillion in just two days.
Wall Street is ready for further damage after Friday’s sharp decline. S&P 500 fell 6%, Dow Jones fell 5.5%, and Nasdaq fell by 5.8%, which marks their worst single-day performance since the epidemic began. Meanwhile, the US raw price prices fell below $ 60 per barrel and the dollar weakened up to 145.98 yen, showing a change in traditional safe havens.
India: Spicex among global shockwaves
Indian Equity Benchmark Indege – BSE Sensx and Nifty 50 – Crashed into early trade on Monday, falling more than 3.5% as the global market turmoil.
At 9:15 am, Sensex was below 2,567 points or 3.41%, trading at 72,797.97, while Nifty50 slipped from 838 points or 3.66% to 22,066.10.
The sharp decline follows the celloff of the previous week, where the benchmark index fell more than 2.5% of the consolidation for a long time. The latest recession is being attributed to deepening concerns on a global trade war and adverse external signals, especially in view of fresh American tariff functions.
Despite the market volatility, a senior finance ministry official told Reuters that India is definitely made up to the development target of its GDP development from 6.3%-6.8%, assuming that crude oil prices are below $ 70 per barrel.
South Korea: Kospi takes 5.5% dives as reels
Seoul’s cospie dropped by 5.5%, inspired by losses in tech and manufacturing shares. South Korea depends a lot on exports to the US and China, with a dual-related challenge.
The decision to limit a brief sales for stabilization of Taiwan, but the regional sold-off continued.
The US National Economic Council chief Kevin Husset claimed, “More than 50 countries have reached the President to start negotiations.”
Japan: Nikkei 225 plmets 7.1%
The Tokyo market declined by 7.1%, with a brief inter-day losses of close to 8%. Investors participated in safe-heaven assets, pushed Yen to 145.98 per dollar.
The US crude submerged below $ 60 per barrel for the first time since April 2021, highlighting the concerns of global demand.
Donald Trump, unaffected by anarchy, said, “Sometimes you have to take medicine to fix something.”
China: Tariff deepens vengeance crisis
Beijing took vengeance with 34% tariffs on all American imports starting from April 10, which sent the Shanghai overall 6.5%.
The Chinese Commerce Ministry described the move as a straight counter for us, which increases the possibility of a long -term trade deadlock.
Fed Chair Jerome Powell warned, “Business war can cause high inflation and low growth.”
United States: Wall Street Bracese for Peacock Bloodbeath
After Friday’s historic accident-S&P 500 (-6%), DOW (-5.5%), NASDAQ (-5.8%)-US futures indicated more losses.
Trump doubled: “This is a great time to be rich.” Nevertheless, Jerome Powell strongly replied, “Our obligation is to anchor long -term inflation.”
GE Healthcare and Duppont saw a double -digit loss amid the apprehension of a regulatory clampdown from Beijing.
Taiwan: Index is about 10%, less sales are taxed
Taipei’s taikes fell 9.8% as trading resumed after a holiday. Regulators introduced temporary caps on small sales until Friday to prevent a deep route.
President Lai Ching-Tea said that Taiwan would not impose an anti-anti-tariff, but aims to interact with Washington on a zero-tariff deal. A stimulation of $ 2.7 billion was announced to cushion domestic effects.
Australia: ASX hits 15 months less
Australia’s ASX 200 sinks 6.3%, marking its lowest point in about 15 months. Prime Minister Anthony Albanis said, “You cannot change global events. What you can do is ready for them.”
The US imposed a 10% tariff on Australian goods, intensifying the fears of recession.
Singapore: Markets Tank at 8.5% opening
Singapore’s Straits Times Index crashed 8.5%, reflecting one of the most difficult regional drops.
The huge dependence of the city-state on global trade has made it especially weak for a spiral tariff war.
South Korea’s benchmark Kospi Index took 5.26 percent, or 129.57 points at 2,335.85 points, triggering a so -called symbol system, which stopped some trading for the first time in eight months.
Kim Dey-Jong at Sejong University in Seoul told AFP, “South Korea has a very high trade dependence; it is a country that stays away from business, so when America imposes highly high tariffs in this way, we become one of the most difficult-end economies,” Kim Dey-Jong in Seel told AFP.
United Kingdom: FTSE wrapped for strong loss
The UK markets were closed at the time of writing, but expected to open rapidly. In an op-ed Prime Minister Kir Stmper wrote, “The World as we knew it had gone, focusing a new focus on” “deals and alliances”.
Saudi Arabia and Gulf: Historical Recession Hit as Oil Veterans
Saudi markets increased by 6.78% on Sunday – its worst day since epidemic. Aramco’s shares declined by 6.2%, which was more than $ 133 billion in the market price. Gulf Pears Kuwait (-5.7%), Qatar (-4.2%), and Oman (-2.6%) also posted damage.
“Trump’s tariff was heavy on global markets, and especially on the Saudi markets,” the state-run Al-Ahabaria.
What’s next: interest rate dilemma, inflation worry
Globally Economic uncertainty Growing, central banks face pressure to function. But Powell indicated a cautious stance: “One time increase in the price level should not become an ongoing inflation problem.”
Fed now faces a business-closure-to reduce economic pain, or to prevent fugitive inflation.
As nervous in global markets, the investor Bhavna rests on whether diplomacy can replace confrontation. As Trump said, “They are dying to a deal.”
