Stocks Fall Further as Concern About Tariffs Deepens
The prices of the shares decreased abruptly for a second day of Friday in Asia and the trading of the Futures market indicated that even the prices of American actions could soon collapse further, since the concerns spread on the economic effect of the large rates of President Trump.
The Nikkei 225 index in Japan dropped by 3.8 percent. This followed a 2.8 percent drop on Thursday after Mr. Trump announced a revision of the wide range of American rates that included an extra 24 % on goods from Japan.
In South Korea, the Kosppi index dropped by 1.7 percent Friday after dropping by 0.8 percent the previous day. The president Trump this week put a 26 % rate on imports from South Korea.
The prices of American actions have decreased faster than those in other markets from the inauguration of Mr. Trump and their submarine appeared to continue on Friday. The Futures on the’s & P 500 dropped by 2.2 percent Friday.
The S&P 500 suffered the worst one -day loss since 2020 on Thursday, falling 4.8 percent.
Investors were already at the limit due to the potential interruption that Mr. Trump’s policies could have on the economy. His Wednesday announcement, which included a minimum tax of 10 percent on almost all imports, caused the convening of the markets while the investors unloaded actions and sought safety in government obligations.
The actions were affected particularly hard in the South -est Asia, after the rates of Mr. Trump have landed heavily on countries that portray many Chinese components for the United States market, circumventing the American tariffs on the assets that come directly from China. The stock market in Vietnam was down again on Friday after falling the previous day.
Trump announced the rates of 46 % on goods from Vietnam Wednesday, among the highest that he imposed on any country. For each dollar of US goods imported from Vietnam Last year he exported almost $ 11 of goods to the United States. Many of these exports have been made with components imported from China.
The share markets in Shanghai, Shenzhen, Hong Kong and Taipei were closed on Friday for a local holiday.
