Written by Tom Westprick and Dara Ranasing
Singapore/London (Reuters) said.
It is not in the Japanese stock wallet that it runs out of San Francisco, California, but in its appendix.
The matter should come out, just as his colleagues in Matthews Asia were on a phone call to draw the path of the asset manager of $ 7 billion by deepening the market.
“I was in a phone call two minutes before the surgery,” said Takshi. The nurse was like: “Do you really have to attend this? “
In Tokyo, Nikki was on her way to a decrease of 4 % on Wednesday and trillions of global stocks were eliminated, which are the largest dollar value drops in any withdrawal in the market.
The ten trading days were since US president Donald Trump hit car manufacturers with the most spascent tariffs since the pending of the epidemic for the year 2020, as stock prices swing to bonds, oil, gold and even the US dollar itself.
The sale in the American Treasury – the lynchpin safe assets in the global markets – was heavier for decades, as if it were to emphasize how to vibrate the foundations of trade and financing.
The collapse began in the wake of what Trump called “Tahrir’s Day”.
On April 2, the highest wall of definitions about the US economy in a hundred years raised with a 10 % blanket tax on imports and even higher rates on individual commercial partners.
In the week that was followed, it turned into an open economic conflict with China, which was by Friday by an American trade ban with tariffs to 145 %.
More than $ 5 trillion of the market value of the MSCI index for all countries of global stocks has disappeared on April 2. It has revealed how investors are not ready for Trump’s tariff aggression and that it is not subject to penetration and the dangers of reflection in the United States in the center of the financial universe.
“We had a fracture of confidence and we do not know what the second -class effects of the market decline,” said Jeff Wilson, the veteran fund manager in Australia.
“There can be some hedge boxes that have been transferred, there can be other consequences that will only become clear during the next few weeks.” His money was buying in the disturbances.
Grave
Initially, the selling center was in any kind of exposure to economic growth – banks, industrial minerals and companies such as Apple with supplier supplies in China.
Then, before sunset on April 4 in Beijing, on the sweeping day of the grave – a national holiday to pay the ancestors, China retaliated and a 34 % tariff was placed on imports from the United States
Oil decreased to the lowest level of four years and the main global stock market index that exceeds the threshold of what the market types call “correction”-a decrease of 10 % or more peak.
Even gold, which is seen as a haven in times of turmoil, has begun to drop, a fateful sign as investors who faced margin calls forced to sell their safest assets for square losses.
For Wong Kok Hoi, founder and CEO of APS Asset Management in Singapore, a scenario was worried about years ago.
“It is clear that I was not in the fiercest of my dreams, I think the tariff rates may rise to 125 %,” he said, as I watched the past days of great deposits.
“Basically, trade will stop between the largest economy in the world.”
Easily, for him, he had been placed in semiconductor sectors in China, artificial intelligence and biotechnology and said his wallet has increased about 20 % of this year so far.
Trade war
In Wall Street, the bankers were contacted with global meetings and tried to reassure the displaced customers.
There were hopes, at the end of last week, that Trump would decline before the definitions actually reached.
But returning from golf correspondents on the weekend asked him about the first air force markets on Sunday and replied that “sometimes you should take the medicine.”
That opened the gates. The future NASDAQ 100 decreased by more than 5 % and the future Nikkei hit the circuit cutting after diving 8 %, then continued to fall.
CBOE fluctuations, nicknamed Wall Street “Gauge”, rose above 60 – a level that is usually seen during collapse such as 2020 or the 2008 financial crisis.
Today, the S&P 500 ended 17 % less than the record it set only seven weeks ago. Christopher Forbes, President of Asia in the CMC market, said on Friday and Monday from the highest trading days.
Takeuchi, in California, regardless of his impulsion to surgery, was trying to ensure that his wallet was protected as possible.
He said: “We traded,” where they purchased and sold when the shares were struck in his book or the target scenes list or buying prices, and finding companies with limited exposure to the United States, but do not want to make major bets on the sectors or the result of Trump’s trade war.
“I don’t want to be very dramatic about it. What we do is not panic, control risks and focus on choosing stocks.”
Bond fire
For months, the currency markets were expected to be as a means of global trade, the front line of price amendments to the tariffs.
The shock, instead, came from the bonds. Soon after the ease of definitions in the center of New York Night, a huge wave of sale caused by the Treasury in Asia on Wednesday.
The returns, which usually make small movements because the market is liquid and deep, has risen violently and unleashed for the most obsessed stage – so far – from a market tariff.
The return of the Treasury Ministry jumped for 10 years, approximately 20 basis points in two hours, while traders took it as a signal either forced sale somewhere in the market, or more of the anxiety, that the American bonds were stumbling as a safe haven.
But within hours, the markets were listed again. Trump amazed the world by announcing a stopping of heavier bilateral tariffs, while maintaining a 10 % blanket tax on imports and raising fees again on China.
The stocks rose up, as some of the largest percentage of the percentage since 2008, but with a lot of uncertainty, have begun to oscillation again.
Injury
Martin Whiton, head of the Financial Market Strategy in Westpack and a veteran expert for 30 years in Sydney and London, said on Wednesday in fixed income that has no historical precedent.
“This money did not scrambling to secure the financing of the US dollar, to buy the US treasury and the US dollar for safety, amazing and sharp warning,” he said.
By Friday, the eleventh session has been announced since the auto tariff was announced in Trump, and exhausted, but there was little sense of dust settlement. On Friday, Beijing increased its tariffs on US imports to 125 %.
The shares decreased, and the dollar sank for a decade on the safe Swiss Swiss franc and speaking turned to whether the period coincided with the beginning of the end of the United States for global finance.
“It seems as if we had a year of trading in a few days,” said Jack McNantter, Director of Brandioine Global, who runs nearly $ 60 billion in assets.
He said: “You are focusing on the things you know,” with a goal in the dollar where it slows down the American economy, and perhaps the rest of the world continues to sell American assets.
(Tom Westprook’s reports in Singapore and Dara Ranasing in London participated in London; additional reports by Jonko Fujita in Tokyo, Si Liu in Singapore and Mai Mai Chu in Beijing; edited by Kim Kojil)
