Stock markets tumble in Asia as Donald Trump’s tariffs loom

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Global markets fell on Monday due to fears of an intense trade war before expecting a set of additional definitions Donald Trump.

The shares of Japanese and the southern Koreans and Hong Kong decreased sharply, which was extravagant to a sale that started last week, after Trump said that the mutual American definitions that are expected to be announced on April 2 will be applied worldwide.

“You start with all countries,” Trump told reporters in the Air Force. “We’ll see what is happening.” “Every country in Asia has participated in” unfair “commercial practices towards the United States.

The standard Topix in Japan decreased by 3.3 percent, and Nikkei 225 slides towards the 3.9 percent source. In Taiwan, Taiex 3.3 percent threw, while KOSPI fell from South Korea by 2.6 percent. Hang Kong Hang Sings fell 0.8 percent.

The chips of the area was among the largest losers, as the semiconductor manufacturer in Taiwan and Samsung Electronics decreased by more than 2.9 percent. Disco Japan, the chip production tool maker, decreased by more than 7 percent.

In Hong Kong, Tinsight and Albaba decreased by 1.5 percent and 2 percent, respectively.

Gold set a record $ 3,098, an ounce of Troy, while the US Treasury’s revenues fell in a sign that investors were accumulating in safe assets.

“Many investors [waiting] “In order to announce the actual tariff, relax their positions and make gains,” said Wei Lee, head of the China multiple assets strategy at BNP Paribas Asset Management. . . It affected the whole market morale. “

On April 2, Trump described the “liberation day” of the American economy, but his plans to delegate the so -called mutual definitions of countries with unfair trade issues with the United States.

In the currency markets, the Elaine strengthened 0.4 percent against the dollar to 149.30, while the South Korean victory was flat. The dollar decreased by 0.2 percent against a basket of major trading partners.

The movements in Asia came after their fall on Friday in the United States, where the S&P 500 decreased by 2 percent. The nasdaq compound, which focuses on technology, slides 2.7 percent, as it has sparked dark data on the economy and consumer morale concerns about recession.

Futures markets have indicated a similar decrease in the United States, as NASDAQ contracts follow a decrease of 1.2 percent and S&P 500, a decrease of 0.7 percent. In Europe, Stoxx 600 futures decreased by 0.6 percent.