Chinese and European markets fall with new US tariff threats | Economy

European stock markets also traded lower on Wednesday, as the trade dispute between the United States and China worsened after a six-session gain.

China accuses the United States of intimidation and warns that it will respond after the US government intensifies its trade dispute, threatening 10% to 200 billion dollars of Chinese goods this Tuesday. The amount is 40% of the annual Chinese sales in the United States.

The CSI300 index, which includes the largest companies listed in Shanghai and Shenzhen, lost 1.74%, while the Shanghai index fell 1.78%.

The Chinese Ministry of Commerce said it was "shocked" by Washington's latest lawsuit, which comes just days after the two countries adopted tariffs of about $ 34 billion on the hottest trade dispute that has rocked financial markets around the world.

Investors are particularly concerned that the trade crisis could hinder the deceleration of the Chinese economy and thereby undermine global investment and growth. Analysts said national concerns also weighed on equities. "Judging by the economic fundamentals of China (China) and the expectations of companies, which are under pressure in the trade war with the United States, the stock market has not yet reached the highest levels. down, "said Yan Kaiwen. , Chinese badyst of Fortune Securities.

The yuan was opened at 6.6669 for a dollar on the domestic market and was listed at 6.6767 at the official close, down 0.4% on the day. On the international market, the yuan was at 6:30 am at 7:30 am (Brasília time), down 0.63%.

Losses in China weighed on stocks in the rest of Asia and the MSCI index, which includes shares in the Asia Pacific region with the exception of Japan, fell 1 , 1%.

In Tokyo, the Nikkei index fell 1.19% to 21,932 points. In Hong Kong, the Hang Seng Index fell 1.29% to 28,311 points. In Shanghai, the SSEC index lost 1.78%, to 2,777 points.

The CSI300 index, which includes the largest companies listed in Shanghai and Shenzhen, fell 1.74% to 3,407 points. In Seoul, the Kospi index is depreciated by 0.59% to 2,280 points. In Taiwan, the Taiex index fell by 0.74% to 10,676 points.

In Singapore, the Straits Times index is depreciated by 0.79% to reach 3,249 points. In Sydney, the S & P / ASX 200 index fell 0.68% to 6,215 points.

In Europe, the Euro STOXX 50 index fell 1.11%, while the German DAX, strong exports, fell 1.23% and the British FTSE 100 1.13%. The CAC 40 and Ibex 35 indices fell by 1.1%.

The threat of imposing tariffs on a Chinese import list is reaching risky badets on a global scale. In the case of Europe, the sectors most exposed to the action are those of basic resources and automobiles.

The Chinese Ministry of Commerce said on Wednesday that it was "shocked" and would complain to the World Trade Organization, but did not immediately indicate how it would respond. In a statement, he described US stocks as "completely unacceptable".

The Foreign Ministry described Washington's threats of "typical intimidation" and said that China must counterattack to protect its interests.

"It's a struggle between unilateralism and multilateralism, protectionism and free trade, power and rules," Chinese Foreign Ministry spokesman Hua Chunying said Wednesday. Foreign.

Beijing says it will respond to Washington's tariff measures, including through "qualitative measures", a threat that US companies fear in China could mean something like tougher inspections or delays in investment approvals or even boycotts to the consumer.

The $ 200 billion far exceeds the total value of goods that China imports from the United States, which means that Beijing may need to think of creative ways to respond to these American measures.

Authorities Americans have published a list of thousands of Chinese imports that the US government wants to achieve with new tariffs, including hundreds of food and agricultural products such as soybeans, corn, cotton, and fish.

It also includes tobacco, chemical components, coal, steel and aluminum, oil and natural gas, paper, p elastic, bags, travel bags, wicker products, textiles and antiques. more than a year, the (President Donald) Trump administration has patiently asked China to stop its unfair practices, open up its market and engage in legitimate competition in the market, " said the US Trade Representative, Robert Lighthizer, announcing the proposed rates.

"Instead of responding to our legitimate concerns, China has begun to retaliate against US products … Nothing justifies such action," he said in a statement.

Last week, Washington imposed tariffs of 25% on 34 billion dollars of Chinese imports, and Beijing immediately reacted by imposing equivalent duties on US imports of 545 US products. A number of important US export products, such as soy, pork, seafood and electric vehicles, have been affected by the measure.