2025-04-10 10:00
publication
2025-04-10 10:00
After information about the 90-day suspension of import duties to the USA, the reflection of the relief swept through the Asian stock exchanges. Interestingly, there were also indexes in China, which were the only remaining covered by Donald Trump's prohibitive customs.
On Wednesday afternoon, the world of finance was shocked by another accurate volt of President Trump, who, under the influence of the growing profitability of Treasuries, decided to suspend the introduction of chapter custom rates on goods brought to the USA for 90 days. In fact, it was a confession that Trump's team tried to convey as a great success and a risky negotiating strategy.
Wall Street stock exchanges reacted euphorically, and the Nasdaq100 index passed the best day in its history. At night, these increases were continued in Asia, where Japanese Nikkei225 went up by 9.1%, in Taiwan increases by 9.2%were recorded, and Korean Kospi increased by 6.6%. Over 5% gained stock indexes in Singapore, Jakarta and Bangkok.
It is worth noting that by 2% up the Hong Kong Hang Seng went up, and the indexes in Shanghai gained about 1%. Meanwhile, it was the folk China who remained the only country of the world who remained covered with prohibitive, of 125%, and Donald Trump. Earlier on Wednesday, the authorities in Beijing announced the introduction of 84 % duties on goods from the USA.
However, President Trump left the XI Jinping team to negotiate customs tariffs. – China wants to finish the market. They just don't know how to do it yet – the White House host added in his style. However, the Chinese will probably not give up so easily and have already announced talks on the common front with the European Union and Malaysia. Goldman Sachs reduced this year's China GDP growth forecast from 4.5% to 4.0%.
There were also movements in currency markets. Juan strengthened the dollar after the USD/CNY exchange rate has reached the highest values in 17 years. The Korean Won, who marked many years of minima, also clearly strengthened. However, Jen-Dolar was relatively calm. In January, the Japanese currency was listed near 40-year minima from June last year.
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