BANGKOK (AP) – Stocks fell in Europe, as Asian and US futures fell on Thursday following the US president Donald Trump Announcement of a significant increase in Customs About importing goods from around the world.
Double digits Customs hiking Economists warned that it would create a risk of a recession, which sent tremors throughout the global market.
The future of the S&P 500 fell 3.1%, but the future of the Dow Jones industrial average lost 2.6%, adding potential losses when the US market reopens on Thursday.
Germany’s DAX fell 1.7% to 21,998.48, while Paris’ CAC 40 lost 1.8% to 7,716.66. The UK FTSE 100 removes 8,506.44 from 1.2%.
In Asian trading, Tokyo’s Nikkei 225 Index immerses 4% for a short time, causing a huge hit by automakers and banks. 2.8% closed at 34,735.93.
Mitsubishi UFJ Financial Group stocks have plummeted 7.2% due to the potential impact of 24% tariffs on the export-dependent Japanese economy, where central banks continue to raise interest rates. Mizuho Financial Group slipped 8%.
Sony Corp.’s shares sank 4.8%, while Toyota Motor Corp. gave up 5.2%.
The Japanese yen was won, and the US dollar fell from 149.28 yen to 147.42 yen. The euro rose from $1.0855 to $1.0952.
In South Korea, which was hit by 25% tariffs, benchmark Kospi fell 1.1% to 2,486.70.
Hong Kong’s Hangsen lost 1.7% at 22,813.22, while the Shanghai Composite Index fell 0.2% to 3,342.01.
The announcement came as a “big shock,” IG’s Yeap Junrong said in the commentary. “In particular, China has been hit by an additional 34% tariffs, increasing its total tariff burden to 64% when it accounted for previous measures.”
However, the losses were partially slowed by expectations of further economic stimulus from Beijing to offset the impact of higher tariffs.
In Australia, the S&P/ASX 200 fell 0.9% to 7,859.70.
In a report, Kasem Prunratanamala of CGS International said that Thailand’s exports could range from $7 billion to $8 billion, or about 2.3% of the total, or about 2.3% of the total, after Thailand was allocated at a 36% tariff, followed by 1.1% of the Bangkok set was allocated.
On Wednesday, US stocks ran through another dizzy day before Trump announced “Liberation Day” Customs duty.
The S&P 500 rose from 0.7% to 5,670.97 after taking care between the previous 1.1% loss and the subsequent 1.1% gain. I had it This week’s pattern Only openings with sharp drops More than a day.
Dow Industrials added 42,225.32 to 0.6%, while Nasdaq composite rose to 0.9% to 17,601.05.
Financial markets around the world have been becoming much more precarious lately due to uncertainty over Trump’s trade war. He says he hopes tariffs will make the global system even more equitable and bring manufacturing jobs back from other countries to the US. However, tariffs could also be crushed US Growth Other economies worsen inflation You could get stuck beyond the Federal Reserve 2% target.
After the US market was shut down, Trump declared a 10% baseline tax on imports from all countries and a rise in tariff rates in dozens of countries operating a trade surplus with the US. The president kept the chart while speaking at the White House, indicating that the US will charge 34% tax on imports from China, 20% tax on imports from the European Union and 32% to Taiwan.
Trump has previously announced a 25% tariff Auto Import;Opposite taxation China, Canada, Mexico. Customs duties have been expanded Steel and aluminum. Trump is also opposed to tariffs A country that imports oil from Venezuela The plan separates import taxes on pharmaceuticals, wood, copper and computer chips.
The Treasury is shaking in the bond market and reflects the indecisiveness seen in the stock market.
Treasury yields for 2010 fell 4.11% from 4.17% on Tuesday and 4.11% from around 4.80% earlier this year. However, it later rose to 4.18%. A higher yield can show high expectations for the economy or inflation.
In other deals early Thursday, US benchmark crude flowed between $2.63 and $69.08 per barrel. International standard Brent crude gave up between $2.62 and $72.33 per barrel.
