Asian stocks decrease after tariff US route

Asian stocks fell on Tuesday, with President Donald Trump’s response to imposing tariffs on trade partners .The US stocks in keeping with the US stock in raising the spectrum of trade war, which hit global economic growth.

Shares of Tokyo and Sydney were below, in which the equity benchmark in the futures Hong Kong shows that to open low Tuesdays. US The President said that Mexico and Canada could not negotiate from the tariff to be implemented on Tuesday and have signed an order for double the recovery of China. The Canadian de Dollar Lar and Mexican peso fell. Bonds have increased amid concerns about intensifying the tariff war, with global growth increase.

Investors are becoming increasingly careful about increasing geographical political stress and the possibility of tight-for-tate tariffs deteriorating global trade. The Communist Party -backed News Outlet Global Times on Monday reported that the US is considering revenge on the US agriculture and food products in response to the latest action of the President.

“The level of anxiety in the market has been dialed, and we want to react aggressively and dynamically,” Paperstone Group Limited’s research chief Chris Weston wrote in a note. “Anyway, markets are increasing and we need to be prepared for headlines to break at any moment.”

The S&P 500 dropped 1.8%. Nasdaq 100 2.2%slip. Dow Jones Industrial Dysfunction fell 1.5%on average. The gauge of the magnificent seven megaceps sank 3.1%. The UBS basket of our stocks negatively affected by tariffs sank 2.9%.

The yield on the 10 -year treasury has dropped by five basis points to 4.16% on Monday. The Bloomberg D Lar Lar Spot Index was stable. Bitcoin was a little ticked after more than 9% sinking a day before.

The new tariff against China comes as President Xi Jinping and thousands of representatives, including the ministry chiefs and provincial leaders in Beijing for the annual National People’s Congress, which began on Wednesday.

Politicians expect China’s official budget deficit target to be the highest in the three decades, in which the trillion yuan will be pumped into a property crash and now a yuan in the fight against trade war with the US.

The view for emerging Asian currencies after the new tariff on China is spoiling again. Regional currencies have been disturbed in the past week, both Thai Baht and South Korean won about 2%sliding.

Trump also said on Monday that the U.S. Tariffs will impose on “external” agricultural products beginning April 2, adding another level of threats to impose trade barriers on imported goods. What products will be affected, or if there are any exceptions, it is not detailed.

Which closed the price of Chinese Somil used in food and animal feed 2.6% more on Monday, the highest than three weeks. The disruption of us in soybean shipment can tighten the market.

Taiwan Semiconductor Manufacturing Co., the world’s top manufacturer of AI chips in the world, said it was the US. Additional billion in plants plans to invest $ 100 billion, which will accelerate its chip output on American soil and support Trump’s target of increasing domestic production.

In economic data, Monday’s producing data in the last two weeks had many of the US economic reports, with weak housing, rising unemployment claims and a decline in personal costs. When Trump demanded a digital-asset stockpile, the crypto was disturbed one day after the industry grew.

In commodities, oil sank as OPEC+, saying it would proceed with plans to revive the stuck product.