Asian shares were mixed on Monday after Easter Weekend holidays, some markets are still closed.
US technology agencies were low in the recent market turmoil of President Donald Trump’s trade war.
Stephen Innes of SPI Asset Management said in a comment, “One thing is clear – and no longer controversial – it is a reputed hit to the US brand, and it does not fade quietly in the next news cycle,” Stephen Innes of SPI Asset Management said in a commentary.
Unsupported reports say that China has stopped importing some farm products and liquid natural gas to avoid paying steep tariffs imposed on Trump’s 5% of Trump’s tariffs.
US President Donald Trump’s trade war remains the source of deep uncertainty. Economists fear that the use of acute tariffs can be fully applied and left in the place for a while.
Tokyo’s Nikki 225 index lost 1% in 34,368.42 in the absence of significant progress towards trade agreements with Trump. Especially the Japanese automackers are facing 25% tariffs on exports to the United States of Auto and Auto parts.
The Shanghai Composit Index increased by 0.3% to 3,244.44, while South Korea’s Copes were almost unchanged at 2,484.23.
Tyex of Taiwan lost 1.2%.
The markets were closed in Hong Kong and Australia.
The US markets were closed on Friday and on Thursday the closed was mixed. Dow industries are 1.3%drowning, while S&P500 is up to 0.1%. Nasdak composit shed 0.1%.
Treasury yield increased on Monday morning.
Companies of Big Tea “Magnicent Seven” companies, Apple, Microsoft, Nvidia, Amazon, Tesla, Google Parent Alphabet and Facebook Parent Meta Platforms this week stops earning season. Their joint market price since Trump’s inauguration has been submerged by $ 3.8 trillion or 22%until April 20.
Trump’s tariffs are destroyed with supplies chains in China and other main markets in the world.
Tesla, which produces its electric vehicles in Shanghai, is expected to release its full financial report on Tuesday, which has already revealed that its first quarterly car sales have decreased by 13% since last year.
Also early Monday, US benchmark is submerged $ 1.20 to $ 62.81 per barrel per barrel. International Standard Brent Croud has released $ 1.20 to .76.76 per barrel per barrel.
The US $ 141.08 bought the Japanese yen, the weakest level since September has dropped from 141.80 yen. Euro has increased from $ 1.1404 to $ 1.1473.
A recent drop economist in the dollar was concerned that Trump could reflect something more ominous than ordinary rise -as soon as Trump tries to re -shape the global trade: reduces confidence in the United States as a safe haven for investment.
In the bond market, the yield of 10 years of treasury has increased on Thursday night from 4.35% to 4.35%.
Leave a Reply