At the stock exchange in Asia and Europe, there was a flood due to the customs, which was introduced by the US President Donald Trump, after which Beijing returned countermeasures.
From the publication of Trump Customs to imported goods from all countries, with higher rates for key partners such as China, the EU and Vietnams – global markets lost the trillion dollars value.
European stock exchanges are at the lowest levels in 16 months. Even the shares of defense companies are falling, such as Rheinmetall weapons manufacturers, whose shares flipped by almost 24%. As for banks, Barclays fell 8%, Natwest 7%, etc.
And while European stock exchanges at the lowest levels in 16 months, the Australian Stock Exchange ended at the lowest level from the end of 2023.
In Asia, it is especially dramatic. The stock exchange in Hong Kong fell as much as 13.22 percent. It is about the worst day for that stock market in 28 years. In addition to Hong Kong, the Taiwan Market is the hardest. The situation in Asia is one analyst for the BBC called bloodshed.
Goldman Sachs raised his risk assessment in the US in the US in the next year with 35% to 45%, at the same time reducing the forecast of economic growth. JPMorgan now estimates that there are 60 percent chance of a recession and in the USA and globally.
Vix, also known as the “Fear Index” on Wall Street, exceeded the value of 60, which is its highest new from last August.
This index is an investor’s expectations. The increase above 30 is usually associated with extremely unstable market conditions and in recent years, only on several occasions.
Friedrich Merz, Chief of German CDU, which should take over the duty of the German Chancellor, warned that the state of the world markets and bonds could further worsen.
“Markets are in a dramatic state that threatens further destabilization,” said Merz in the Reuters’ agency statement.
