Global markets collapse due to trade war

The world's major markets suffer significant falls due to the fear generated by the trade war after Donald Trump's new badault on China and the publication of another tariff schedule for a value of 200 thousand US dollars. million

The first markets to hit the shot were those in Asia. In the largest market in the region, Tokyo, the Nikkei said goodbye to the day with a drop of 1.19%, while the Shanghai Stock Exchange lost 1.8%.

They were not the only ones. The Hong Kong Hang Seng fell 1.29% and in Seoul, the Kospi finished three times its run followed by a 0.59% decline

In the old continent, they do not have the same value. have not much better. Ad-portas of the NATO summit, which has already triggered Trump with his statements against Germany, the Frankfurt Dax has recorded a 1.53% drop in the day, losses that have reached 1 , 48% in the Cac de Paris and 1.58% on the Milan Stock Exchange

The Ibex Madrid lost 1.57%, while the FTSE London lost 1.3% of its value [19659007] It must be remembered that Europe is also facing threats US tariffs, especially in the auto market, which had dropped in the last days after the Trump administration's bid .

However, this calm is abruptly interrupted with the surprise announcement of new tariffs on Chinese products. Wall Street and Santiago

The main stock market indices on Wall Street have also declined, albeit to a lesser extent than their Asian and European counterparts. At the close of business, the iconic industrial Dow Jones fell 0.88%, while the selective S & P 500 dropped 0.71%.

The Santiago Stock Exchange also caught pessimism and recorded a decline similar to that of New York. The IPSA fell 0.48% to 5,297.49 points affected by Copec shares (-0.96%).

War

The new tariffs warn investors and threaten to cool the prospects for global growth. The ECB and the US Fed had themselves warned of the increased risks posed by these commercial threats to the global economy.

In this context, the dollar continues its upward trend against a basket of currencies. The US dollar rose 0.25% according to the dollar index, in its third consecutive increase.

The White House yesterday released the new list of taxed products, which will add an additional $ 200 billion to the commercial battle. The measure will bring the confrontation to a new scale, and the impact on the global economy could also be more important than what was expected until now.

The new 10% tariffs would come into effect at the end of the public consultation period on August 30, the US Trade Representative's Office reported.

"If the tariffs of a value of 200 000 million US dollars came into force, the levies would affect about half of the exports of China to the United States", warns the experts of Danske Bank

"This move is to keep the pressure on China," said David Madden, an badyst at CMC Markets in London, reports Bolsamania.

The trade war has had repercussions on commodities such as oil and industrial metals, particularly copper, which has been recognized as a thermometer of the global economy.

The red metal, the main reference of the Chilean peso, succumbs more than 2%.