Hong Kong – Asian actions were very low on Monday, with Nikkei 225 from Tokyo falling more than 4% after another Wipeout hit Wall Street.
Concerns are being built on a potential Toxic mixture of inflation worsening and an American economy slowing down because Households are afraid spend Commercial War.
The US futures and oil prices were lower.
Thailand set lost 0.9% after a Powerful earthquake Centered on Myanmar, he shook the region, causing generalized destruction in the country, also known as Burma, and less damage to places like Bangkok, although a large -level office building in construction collapsed.
Tokyo’s reference point fell 4.1% to 35,615.15, while Hang Seng in Hong Kong lost 1% to 23,200.65.
The Shanghai compound index decreased 0.5% to 3,333.66.
In South Korea, the Kospi fell 2.6% to 2,492.49, while AustraliaANDP/ASX 200 sank 1.6% at 7,856.80.
Taiwan taiex lost 3.4%.
Friday, the SANDP 500 fell 2% to 5,580.94, for one of its worst days in the last two years. It was his Fifth lost week in it Last six.
The Dow Jones industrial average sank 715 points, or 1.7%, to 41,583.90, and the Nasdaq compound fell 2.7% to 17,322.99.
Lululemon Athletica led the lowest market with a 14.2%drop, despite the fact that the sportswear seller reported a stronger gain for the last quarter of what analysts expected.
Oxford Industries, the company behind the brands Tommy Bahama and Lilly Pulitzer, also reported stronger results for the last quarter of the expected, but still saw that their shares fell 5.7%.
One of the main concerns hitting Wall Street the thing is President Donald Trump’s climbing duty You can make US households and companies freeze your expenses. Even if tariffs end up being less painful than feared, all uncertainty can leakes into changed behaviors that hurt The economy.
A report on Friday showed that all kinds of American consumers are becoming more pessimistic about their future finances. Two out of three expect unemployment to get worse in next year, according to a survey by the University of Michigan. That is the highest reading since 2009, and raises concerns about a labor market that has been a axis Maintaining the economy of the United States solid.
A separate report also raised concerns after it showed a widely followed and underlying inflation measure was a worse touch last month than economists expected.
The Fed could reduce interest rates, as it was doing at the end of last year, to give an impulse to the economy and financial markets. But such cuts would also push up on inflation, which has remained above the objective of 2% of the Fed.
The economy and labor market have been maintained so far, but if they weaken while inflation remains high, it would produce the worst case called “stagflation.” The policy formulators in Washington have few good tools to solve it.
Some of Wall Street’s most clear losses on Friday hit companies that need customers who feel safe enough to spend, and not only with yoga clothes or beach clothes. Delta Air Lines lost 5%. Casino Caesars Entertainment operator fell 5%. Domino’s Pizza sank 5.1%.
The heaviest weights in the market were Apple, Microsoft and other great technological actions, whose massive sizes give their most influenced movements on the indices. They and other actions that had been trapped in the frenzy artificial intelligence Technology has been one of the most affected in the recent sale of Wall Street.
Their prices had fired much faster than their rapid income and profits that critics said they seemed too expensive.
On the other hand, among the relatively few rising actions on Wall Street were those that can earn money almost independent of what the economy does, such as public services. American Water Works rose 2.2%.
Stock markets worldwide will probably remain unstable as a April 2 deadline for more rates is approaching. That is what Trump has called “Day of Liberation”, when he will launch tariffs adapted to each of the United States commercial partners.
In other treatment on early Monday, the crude oil from the United States lost 40 cents to $ 68.96 per barrel. Brent crude oil fell 36 cents to $ 72.40 per barrel.
The US dollar fell to 148.86 Japanese and 149.84 yen. The euro increased to $ 1,0838 from $ 1,0803.
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Business writers AP Stan Choe and Matt Ott contributed.
