Asian markets have been trading higher, while China has fallen to the lowest level since the Black Yuan 2023
Japan’s Nikkei 225 increased by 5.31% on Tuesday and made a wide rebound in the Asia-Pacific markets after steep losses in the previous session. Topix increased by 5.65% after US President Donald Trump’s tariff policy and the threat of higher taxes against China.
The markets in the region have greatly recovered from the collapse of Monday. Australia’s S&P/Asx 200%increased by 1.92%, South Korea KOSPİ 0.34%and the small cover kosdaq increased by 0.96%.
Hong Kong’s SenG Index Index 1.58%climbed and Hang Seng Tech index increased by 3.57%. This was after the Hang Seng index fell over 13%, since 1997, the largest one -day drop.
Some markets are experiencing the heat of trade wars
Investors made a close monitoring in Trump’s last move. On Monday, if Beijing did not eliminate its own duties on US imports, it threatened 50% more tariffs in China. Trump stuck to the Global Tariffs Strategy at the weekend. Authorities, “mutual” tariffs will begin on April 9 and will contribute to uncertainty, he said.
In other parts of the region, when a circuit breaker was removed, the jacarta composite of Indonesia was recording over 7.63% after the restart was restarted.
According to LSEG data, Vietnam’s criterion index fell by 5.6% because it continued to trade after a holiday, and Thailand’s set has fallen to more than 5% since March 2020.
The US stock futures pointed out higher and provided some relief after the S&P 500 recorded the third flat loss day. The futures connected to the S&P 500 increased approximately 1%and NASDAQ-100 FUTURES 1.1%. Dow Jones Industrial Average Term Transactions increased by 476 points or 1.2%.
Wall Street showed mixed feelings overnight. The Dow Jones fell 0.91% on an average of industrial and extended the losing line following Trump’s tariff presentation. S&P 500 to 0.23% to 5.062.25. On the other hand, Nasdaq composite increased by 0.10% and closed at 15.603.26.
China has fallen to the lowest point since Yuan 2023
China’s Yuan, the Central Bank, has fell to the lowest level since 2023 on Tuesday, after loosening its currency to the currency to address the assembly pressure caused by a deepening global trade conflict.
Yuan on land, marking the weakest point since September 11, 2023, fell to 7.34 against the dollar in early trade. Both land and open sea yuan fell about 1% against the dollar this month.
Traders are watching to see when the bank will allow the middle point to break the 7.2 threshold, because it can cause more than 7.35 per dollar. This figure has not been seen since 2023 and has been the weakest since the 2008 global financial crisis.
Symptoms of rise in trade dispute between China and the United States continued to focus on the currency. US President Donald Trump threatened 50% more tariffs to China after assigning each other’s property last week. China replied, saying that he would fight to the end ”.
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