Asian stocks decreased as fears rise to depression due to Trump fees
Asian stock markets, which are away from dangerous assets in developing economies in developing economies, have fallen on Monday, and US President Donald Trump said that the mutual customs functions that are to be announced this week will affect all countries.
Trump’s remarks have aroused the state of confusion in the global markets, which increased the fears that customs functions strongly affect the American economy and shadow on global growth expectations, which increases the risk of stagnation.
Despite the closure of major markets in Southeast Asia – Indonesia, Malaysia and Singapore – the official holiday – Indonesia, Malaysia and Singapore, most of the developing Asian markets have declined in the last day of the quarter.
“A group of Asian countries face the challenge of mutual rituals, and Vietnam and Thailand are one of the most affected countries.”
He explained that South Korea is mostly affected by car fees and that Malaysia and Singapore are suffering from semiconductor fees and medicines respectively.
The Cosby Index in South Korea fell 2.8 percent, to its lowest level since the beginning of February, and the third session in the Red Zone, respectively.
Taiwan’s standard index declined by 3.5 percent, down to its weakest in nearly eight months, the dollar fell 0.4 percent and reached the lowest level since March 2016.
Taiwan is one of the highest commercial surplus with the United States, and is subject to American customs by exporting sophisticated technical products such as semiconductors.
The standard Thailand Index has declined to its lowest level since April 2020, which was influenced by the decline in banks and industries in early trading. Trading resumed in Bangkok residents after an earthquake in Myanmar on Friday.
The wide MSCI index of Asia and Pacific shares outside Japan declined by 1.6 percent, while the Asian Emerging Markets Index fell 1.8 percent in about three weeks.
Most of the Southeast Currency has gradually increased with the dollar, as US Treasury bonds have been emphasized as a safe haven on American currency. While most regional currencies seem to be relatively affected by the wave of customs duties in the first quarter, MUFG analysts are expected to be the same for the next three months. They wrote: “In the second quarter, we hope that the value of Asian currencies will decrease in the value of Asian currencies against the US dollar. However, due to the exposure of different levels of customs duties, and some currencies to each country are greater than others.
Thai bat, Philippine Peso and Singapore dollar and daytime saw slight gains against the dollar. The three currencies are going to complete the quarter with a strong performance against the dollar.
