Asian stocks struggle on trade war fears

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Hong Kong: Asian markets stumbled on Wednesday and gold targeted a new record when investors exchanged tariffs after investors laid tabs on China and the United States, causing another weak trade war between economic superpowers. Fears of concerns arose.

Shanghai, which reopened after a week’s long break, and Hong Kong was among the main losers as e -commerce firms achieved a success from the news that the US postal service was suspending bound parcels from China and Hong Kong.

Despite a positive lead in Wall Street, a sharp performance was performed, where a comfort was found that US President Donald Trump reached a delay in delaying 25 percent of the responsibilities on imports from Canada and Mexico.

The disappointing income of Google parent alphabet and modern micro devices has increased anxiety on the tech sector, which has already revolved around a new chat boot through the Chinese startupdipsk.

All eyes were on Washington and Beijing when they renewed their trade imitation, though analysts say China’s seemingly more measured style has provided some hope that a completely trapped crisis can be avoided. –

“Regarding China’s counter -measures, we believe that the revenue is less than what we think. This move is a widespread symbol that the total imports from the United States will be subject to only 12 percent of the rates. “Kai Wang of the Asia Equity Market strategy at the Morning Star said.

“At least for now, an important way for this development is that there is basically lower risk than expected before. However, in the wake of Trump’s unexpected behavior history, there is a threat to the trade war. Therefore, there is a risk of fluctuating on the table for at least the next four years.

HSBC Global Research Economists added that China’s tricks so far are measuring more than 10 % tariffs imposed by the United States, with a tight -for -tet strategy different playbook. The proposal is proposed, though we acknowledge that the increasing risk has increased. Gone. “

Hong Kong decreased by more than 1.0 %, e -commerce giant JD.com drowned about 4.0 4.0 percent and rival Alibaba is also less than news of US postal service suspension. The announcement of Trump’s prices against China also included the abolition of an allowance-used by China’s e-commerce firms-which was exempt from small packages worth less than $ 800. The suspension does not include letter and flat mail.

Shanghai fell back after a long break after a long break, while Singapore, Wellington, Mumbai, Bangkok and Jakarta also retreated, though Sydney, Seoul, Taipei and Manila Rose. Tokyo changed the losses earlier, though Nissan had diverted 4.9 % after Japan’s Nikki business daily that the car maker decided to withdraw from the integration talks with rival Honda. Shares in Honda increased by more than eight percent.

Gold targeted a fresh peak of 8 2,861.93 when investors entered the safe metal. After 7.5 % of the hours of trade in New York, there was pressure on the tech firms, which predicted the increase in less expected revenue and the prediction of the cost of 2025.

Modern micro devices also sank into later business. The tech sector has been suffering since coming to a depticous scene with his chatboat, which was apparently developed by US firms in a part of the price of similar tools, in recent years AI’s eyes. From the water giving investment raises concerns. . In the currency markets, Yin had increased far more than last month’s expected data after the dollar was shown in Japan and since 1997. With the expectations of this year, the country’s central bank will continue to increase interest rates this year.