Stock markets in Asia fell to a two-year low

Фондовые рынки Азии упали до двухлетнего минимума

Asian markets fell due to duties USA

Asian markets reacted to the fall in trade war between the US and China. Reduction closed and exchange of Europe.

On Tuesday, June 19, the stock market of Shanghai dipped nearly 4% to a two-year low amid the threat of the imposition of the duties of the United States against Chinese products, according to Reuters.

Thus, the index of Shanghai stock exchange Shanghai Composite closed trades falling by 3.8% to 2 907,82 points.

The CSI300 index, which tracks the value of securities of the largest companies traded in Shanghai and Shenzhen, fell by 3.6% to 3 621,12 points.

The ChiNext index of start-UPS fell almost 6% to the lowest level since January 2015.

Thus, more than 1 thousand of shares fell by the maximum allowed per session 10% on the background of widespread sales.

Hong Kong’s stock market closed at the low for more than four months, following the other Asian markets, the pressure on which has rendered strengthening of trade disagreements, China and the United States.

Index Hong Kong stock exchange Hang Seng fell by 2.8% to 29 468,15 points, the lowest since early February, while the index of Chinese companies traded in Hong Kong lost 3.2%, closing at around 11 492,77 points.

A trade war between the US and China have also influenced European stock exchanges.

As at 13.44 the British FTSE 100 dropped by 0.48% to 7594,25 points, French CAC 40 — on 1,06%, to 5392,19 points, German DAX — on 1,29%, to 12670,34 points.

Recall that in late March, the U.S. imposed duties on steel (25%) and aluminium (10%). And recently trump announced the introduction of duties on goods from China in the amount of $ 50 billion due to “unfair practices” of Beijing.

 

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