Berlin9 minutes ago
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After the decline of Asian markets by 10%, there is also a decline in European markets. In early trade, Germany’s Dax index fell by about 10% to 18,489 levels. At the same time, the UK’s FTSE 100 index has a decline of more than 5%.
On the other hand, the US market’s Dow Futures are below 2.68%. Today, today there are indications of the US market opening down in the evening. S&P 500 futures have also fallen 3.30%. The index Nasdaq-100 futures of tech shares have declined by 4.20%.
3 reasons for market decline
- Trump’s reciperook tariff: The US has announced 26% tariffs on India. Apart from India, China will take 34%on European Union, 25%on South Korea, 24%on Japan, 46%on Vietnam and 32%on Taiwan.
- China retaliated 34% tariffs: China on Friday announced the imposition of 34% counter -tariff on the US. The new tariff will be applicable from April 10. On 3 April, US President Trump imposed a Tit tariff to the world like worldwide. It was imposed 34% of additional tariffs on China. Now China has put the same tariff on America.
- Concern of Economic Sloidown: People will make less purchases when the goods are expensive with tariffs, which can reduce the speed of the economy. Also, crude oil prices have also fallen due to low demand. This is a sign of weak economic activity.
Hong Kong’s Hangseng broken 10%, Chinese index also 6.50% below
- Asian markets are 6%in Nikkei, Japan, 4.50%in Korea’s Kospi Index, China’s Shanghai index is 6.50%below. Hong Kong’s Hangseng is 10% below.
- The Indian market index Sensex has fallen 4.20% to 72,150 levels. The Nifty has a decline of 1000 points (4.50%). It is below 22,000.
- On April 3, the US Dow Jones fell 3.98%) to close at 40,545. The S&P 500 index fell by 4.84%. Nasdaq composite fell 5.97%.
- Financial commentator Jim Kramer has predicted to arrive like ‘Black Mande’ like 1987. Kramer said- American market may fall by 22% today.
Reciperook tariff will be implemented from April 9
All the items coming in the US will cost 10% baseline (minimum) tariff. Baseline tariffs will be implemented on April 5 and reciperochl tariffs after 12 pm on 9 April. Baseline tariffs are imposed on imports under the general rules of business, while reciperook tariff is imposed in response to the tariff of another country.
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