Wall Street fell 2.4% due to the escalating trade dispute between the United States and China

The Dow Jones Industrial Average lost 2.38% to 25,324.99 points, Nasdaq technology stocks fell 3.41% to 7,647.02 and the S & P 500 lost 2.41% to 2 811.80 units, according to the data. final of the day.

The blows received by the Dow caused the worst shutdown in three months and for the Nasdaq, it was the worst day of the year.

Inventories opened lower and continued to fall after Beijing has announced an increase in tariffs on imported US products for $ 60,000 million.

The measure was a retaliation for tariff increases implemented since Friday by the United States, which began Monday to consider imposing tariff penalties on all Chinese products that still need to be taxed.

On the other hand, China plans to cut all its purchases of US agricultural products and limit its activities with Boeing, according to an influential Chinese journalist. Boeing lost 4.9% in the day.

In the debt market, the yield on 10-year Treasury bonds fell 2.467% Friday to 2.401%, a sign that investors were looking for safer securities.

For its part, the MSCI Emerging Market Currencies Index erased all gains for 2019 on Monday, before escalating trade tensions between the United States and China which strikes the world markets.

The index, which includes 25 currencies – including the South Korean won, the Taiwanese dollar and the yuan – fell 0.7% that day, its biggest drop since October.

Numerous financial institutions such as JPMorgan and UBS have reduced their exposure to risky badets, while Citi has reported cash outflows from emerging market currencies for the third consecutive week.

The MSCI EM FX Index is on track for its fourth straight month of losses after rising 2.6% in January.

Europe and Asia

As operators are disconcerted by the evolution of trade negotiations between Washington and Beijing, European stock markets are down 1.5%.

In this context, Madrid lost 0.8%, Frankfurt lost 1.5%, Paris lost 1.3%, Milan lost 1.1% and London 0.6%.

At the same time, the Tokyo Stock Exchange closed lower on Monday, down for the fifth time in a row, in a market worried about the renewed trade tensions between the United States and China.

The Nikkei index of 225 main stocks lost 0.7% (-153.64 points) to close the session at 21,191.28 points.

The Japanese square was withdrawn from 4.11% last week, reduced to four sessions after 10 days of vacation due to the abdication of Emperor Akihito and other holidays .