New Delhi:
The four -day decline of the stock market in America has shook the global market. Before the implementation of Trump’s new tariff, the restlessness of investors has increased and its direct impact was also seen on the Asian markets today. Large index like S&P 500, Nasdaq and Dow Jones are constantly falling, and due to this, 5.83 trillion dollars of investors have been drowned. At the same time, the stock markets of Japan, Korea and other Asian countries are also open in the red mark on 9 April. Due to this negative sentiment, the Indian market can also see a decline.
Us market has a tremendous decline, $ 5.83 trillion submerged in four days
On Tuesday, another decline was recorded after heavy ups and downs in the US stock market. Dow Jones declined by about 2,000 points from the upper level of the day and closed at 37,645.59 below 320 points. At the same time, S&P 500 fell by 1.6% to 4,982.77 and Nasdaq fell 2.15% to close at 15,267.91.
The decline of this four days has broken more than 4,500 points, S&P 500 has fallen by 12% and NASDAQ has fallen by 13%. The market value of S&P 500 has decreased $ 5.83 trillion in just four days.
Fear of Trump’s tariff, up to 104% tariff applied to China
The new tariffs announced by US President Donald Trump have come into effect from 12 noon on Wednesday. Under these reciperock tariffs, China will be charged up to 104%. According to the White House, 70 countries have tried to negotiate, but at the moment there is no hope of any relief.
Apple’s big shock, 23% dropped in four days
Trump’s tariff is also showing an impact on tech companies. Especially Apple’s shares have fallen to about 23% in the last four days. The expensive tariffs on the products coming from China will directly affect the cost and profit of the company.
Asian markets also declines, Japan’s biggest impact on Nikkei
The Asian markets also appeared under pressure on Wednesday after a huge decline in the US market. Japan’s Nikkei 225 index began with a decline of 3.14%, while the Topix index also broke 3.26%. The major reason for the pressure on Japanese stocks is the steady decline in the Wall Street, which has shaken the confidence of global investors. Japanese’s Nikkei futures were trading below 3.4%, while the yen also rose by more than 1%, which can lead to shares of Japanese exporters.
South Korea’s KOSPI index has also fallen more than 1% and now it has reached the bear market, that is, it has broken more than 20% from its previous peak. The index of small stocks also fell 0.44%. Apart from this, MSCI Asia Pacific Index of the entire region also fell by 1.3%.
The impact of the new trade tariff of the US and the recipes of Trump has created pressure on global trade and export based economy, which is becoming a major reason for selling in stocks.
South Korea’s currency declines, von reached 2009 level
The impact of trade tension was also seen on the currency market. South Korean Vauan fell by 1487.45 against the dollar on Wednesday, the lowest level since March 2009. Apart from this, Thai Baht, Malaysian Ringit and New Zealand dollars also weakened.
Oil prices also fell, Brent at $ 62.82
Crude oil prices also declined amidst the possibility of trade war and recession. Brent Crude fell to $ 1.39 to $ 62.82 and WTI Crude fell $ 1.12 to $ 59.58.