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Market Ruth caused by Donald Trump’s tariffs deepened on Monday, after the US president signaled that he would not withdraw from his aggressive trade policies despite growing fears of a global recession.
Capital Much has fallen, the currencies of the shelter have increased and the yields of the bonds have decreased. US stocks sank outdoors on Monday, sending the S&P 500 benchmark on the bear market territory.
The S&P fell 4 % shortly after opening the market, taking over loss for Wall Street beneath all the time in February to more than 20 %. The Nasdaq composite lost 4.5 %.
Earlier the same day, Asian stocks were spoiled, with Hong Kong Hang Seng’s index of more than 13 percent, the worst one -day fall this century.
European reserves descended, with the Stoxx Europe 600 index sinking 4.7 %, while the German DAX was 4.2 % lower, after briefly fell more than 10 % outdoors. FTSE 100 decreased by 4.5 %.
Severe falls occurred when Goldman Sachs increased the likelihood of a US recession from 35 % to 45 % after a “sharp -tightening of financial conditions” after Trump They imposed amazing taxes To US trading partners last week.
On Monday, Trump reiterated a warning about the “abusing” US states not to take revenge on his tariffs. In the announcement of his truth social network, he claims that such countries have “exploited the good all” for decades.
Asked about Sunday’s crash, Trump told reporters that “sometimes you have to take a cure to fix something.”
The US president has increased the Global Trade Order Order for what he called “Liberation Day” last week by imposing more than 40 percent duties on some of America’s largest trading partners, which encourages China to Log in retaliatory duties of 34 %.
Trump’s non -permanent comments have prompted retailers in the futures markets on Monday to collect bets to reduce the rate of federal reserves, prices in four or five quarterly percentage points of points by December, four on Friday.
As the markets descended, Wall Street’s prominent numbers began to increase the alarm on the economic risks of Trump’s tariffs.
In his annual letter to shareholders on Monday, JPMorgan Chase chief Wared Jameimi Dimon That the Global Trade War risked penetrating the US economy into recession and driving prices higher.
On Sunday, the billionaire’s investor was Akman, who approved Trump, warned of the US that US president’s tariffs risk inserting the United States into “self-declaring, economic nuclear winter”.
Akman also attacked Trade Secretary Howard Latvo as “indifferent to the falling stock market and the economy”, claiming that Lunno and his firm Cantor Fitzgerald made money through their ownership of fixed income.
Shelter bonds, such as the US Finance Ministry, have risen in price during capital fall over the past few days. Lovely “profit when our economy explodes,” Akman said.
Hedge fund investor Stanley Drakenmiler also expressed opposition to Trump’s trade policy, writing to X: “I do not support tariffs that exceed 10 %.”
The 10-year-old US Treasury Business benchmark, carefully viewed by Trump administration officials, decreased by 0.01 percent to 3.98 %.
Japan’s 10-year yield fell 0.07 percentage points to 1.11 %, while Germany’s 10-year yield fell 0.07 percentage points to 2.55 %.
“Investors are closing many positions in the light of instability,” said Asoneyson Louis, head of Asia-Pacific Capital and Derivative Strategy in BNP Paribas. “(Falls are) a reflection of part of positioning, especially foreign positioning in Japanese banks and finance.”
The goods suffered high losses, with a secondary place in western Texas, a benchmark for oil prices in the United States, falling 2.4 % to $ 60.52 a barrel. International benchmark Brent Crude fell 2.1 % to $ 64.18.
Bitcoin fell 2.7 % to $ 76,691.
The US dollar was stable against a peer basket. Chinese authorities have set coastal belts at the weakest level since early December to 7.19 RMB.
On Sunday, the Secretary of the Treasury, Scott Bilen, rejected the reaction to the “short -term” market of the president’s aggressive tariffs, telling the NBC that the White House would “Hold the course“.
Asked if Trump’s tariffs are negotiating, he said: “Toe we must see what (other) countries offer and whether it is credible.”
Additional Report on Chaosiang Kong Kong
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