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Global stock market sell-offs deepen amid expectations of new tariffs
Direct Translation via Google Translate. Edited.[Regnum] The sell-offs on global stock markets intensified on the morning of April 7. In particular, according to the platforms, at the opening of trading in Europe, the German DAX 40 index fell by 10.42%, the British benchmark FTSE 100 — by 6.33%, and the French CAC 40 — by 7.03%.  Futures on the main American indices (S&P 500, NASDAQ, Dow Jones Industrial Average) fell by 4-6%. The Nikkei index of leading Japanese companies fell by 7.83%, the Chinese CSI 300 index at trading in Shanghai fell by 7.05%, and the key index of the Hong Kong Stock Exchange, Hang Seng, fell by 13.22%. In addition, the price of June Brent oil futures on the London ICE exchange fell by 4.54% to $62.6 per barrel. Such a low figure was recorded for the first time since 2021. The sell-off on global stock markets began after US President Donald Trump announced the introduction of duties of 10-50% on 211 countries and territories. Later, the Chinese authorities announced the introduction of retaliatory duties of 34% on imports from the US. The EU authorities also announced the possible adoption of retaliatory measures. The US stock market lost $6.6 trillion in two days. As reported by the Regnum news agency, the press secretary of the Russian president Dmitry Peskov earlier stated that due to the US decision to introduce duties, the situation in the global economy is “extremely unsettled, tense and emotionally overloaded.” He emphasized that the Russian authorities in these conditions will do everything necessary to minimize the consequences of the international economic storm for the country. Russian Minister of Economic Development Maxim Reshetnikov noted that the global trading system is in crisis, and attempts to create new trade regulations contradict WTO rules. He emphasized that the situation in the global energy and food sectors has already worsened. Posted by: badanov 2025-04-08 |
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