If investors expected on Monday to be chaos, the turbulence came before. When the negotiations were opened in Asia, it was clear that the continuity of the climate with risk aversion was confirmed, for fear of a global trade war, caused by customs from US President Donald Trump.
Asia and Pacific markets opened in “SellOn Monday. South Korean markets led losses in the region at the beginning of the negotiations, but quickly Japan took the negative end.
The Kospi index fell 4.68% at the opening, while Kosdaq for companies with lower capitalization fell by 3.26%. In Japan, the Nikkei 225 reference index and the largest Topix index fell more than 6%. During the early hours of the session, the Japanese index dropped more than 8%. At 22:55 (Brasília era) Nikkei lost 6.30%, as did Australia’s main interest rate, which lost 4.59%.
Australia’s S & P/P/ASX 200 fell 2.75% already at the opening and even pulled more than 6%. The reference index has entered the correction area with a decline of 13% since the last increase in February at the previous session.
Hang Seng from Hong Kong opened with a drop of almost 10%, by -9.45%, while one of the main levels in China, CSI 300, withdrew 4.82%. The Shanghai bag lost 4.40% at the opening.
(with CNBC)