Financial markets around the world collapsed after President Trump on Wednesday announced The hits of new tariffsWith US futures that indicate a sharp drop when Wall -Restitis opens for business.
Approximately two hours before the start of trade at 9:30 am, the futures for the S&P 500 plunged 190 points, or 3.3%, while futures for the Dow Jones Industrial Mover and the Nasdaq Nasdaq Subs Sub 3%and 4%.
Foreign markets also fell into trade overnight. In Asia, the Nikkei 225 index fell into 4%in Tokyo, and automakers and banks took large hits before closing 2.8%, while South Korea's landmark fell by 1.1%. In Europe, Germany Dax decreased by 1.7%, France CAC 40 in Paris lost 1.8%and British FTSE 100%.
Gold prices have briefly reached a record high level of $ 3,167 before dropping when investors digested the influence of the White House trading war.
“Reserves glide in all markets when the world responds to the worse than the expected (and absurd) trade war” Trump “,” said Adam Crisafuli's stock analyst in the research note.
G -n troke said apply mutual tariffs About 60 countries.
Despite the fact that the US markets sailed on Wednesday, when investors hoped for a more restrained trade policy from the White House, reality is now biting against the backdrop of concern that the economy could stop and possibly translate into recession.
“The Trump administration has accepted a striking approach to tariffs, imposing very high tariffs on all its major trading partners.” Analysts from Societe Generale said on Thursday's report.
They added: “These tariffs are undoubtedly worse than some of the worst scenarios provided for earlier, both in the aggregate and economic economy. This tariff set, when stored, is very likely to translate global trade into recession.”
He contributed to this report.