The Asian shares For sixth consecutive session – the largest loss series this year – as US President Donald Trump It announced new tariff rates and fixed profits from Megacap technology companies did not improve the climate, according to Bloomberg.
The MSCI Asia Pacific fell 0.6%, with technology shares such as Tokyo Electron leading the losses. South Korea’s shares fell 2.9%. The contracts for the S&P 500 fell 0.1% after the compensation of previous losses. US President announced a series of new dutiesincluding a global minimum 10% and 15% or higher duties for countries with US trade surpluses.
The dollar rose today (1.8.25), having recorded his first monthly profit since Trump took over his duties in January. The Taiwan dollar fell for the seventh consecutive day, the largest series of losses since June 2023, as the island imposed a 20%duty rate. The Swiss franc fell after Trump imposed a 39% duty on the country’s exports to the US.
These moves have shown that concerns about tariffs and economic growth began to outweit the optimism based on artificial intelligence and which has boosted Megacap technology shares. While artificial intelligence remains a long -term upward pillar, investors are preparing for possible trade disorders, as the US and main partners weigh new duties.
“The announcement brings clear paper, but uncertainty in practice,” said Charu Chanana, head of an investment strategy at Saxo Markets. “While markets are now aware of the numbers, the lack of a clear framework behind these duties – and the seemingly arbitrary contributors – only enhance the sense of non -predictability of politics. This makes it difficult for businesses and investors to plan in advance. “
The White House issued a statement a few hours before midnight, the deadline set by Trump last month after pausing for countries based on countries for a second time to allow negotiations. It was not clear when the new contributors would come into force.
Garfield Reynolds, Markets Live’s strategic adviser, says: “We are now officially entering the era of significant trade in commerce. The impact will hurt world trade and growth, and this is likely to reduce the shares from their recent highs. Prolonged uncertainty will also affect corporate decision -making, further reducing growth. While most of the duties just announced are lower than the extreme levels highlighted on April 2, there is a shortage of logic for many of the rates set, which will add to the policy of volatility. “
Some of the duties were expected, such as a 25% tax on Indian exports. Others included 20% charges on Taiwan products, 39% in Swiss products and 30% on South African products. Thailand and Cambodia, two countries that are said to have reached a last -minute agreement, received a 19%duty.
Taiwan and the US have not yet held a brief meeting due to conflict in the timetable and the 20% tariff rate is temporary, according to a statement by the Taiwan Council. Taiwan will work to reach an agreement with the US as soon as possible to seek further reduction in mutual duties.
“The markets, which have learned in the difficult way in April, have since been used to negotiating lower duties or leading to trade agreements and/or extensions, reducing initial concerns,” wrote Tony Sycamore, a strategic market analyst at IG Australia PTE. “The combination of these factors has maintained low market volatility at this point.”
The US shares retreated on Thursday, erasing an initial rise in profits from the technology that sent Microsoft Corp. Over $ 4 trillion in market value. Apple Inc. They increased in transactions after buying after a drop in sales, while those of Amazon.com Inc. They retreated as her prospects were sluggish.
Meanwhile, Trump has sent letters to 17 of the largest pharmaceutical companies in an effort to reduce prices, weakening their shares on Thursday. Trump also calls on banks’ chief executives their proposals on the creation of revenue from Fannie Mae and Freddie Mac mortgages, including a large public shares, according to people who know the matter.
Market attention will soon turn to the Friday employment report on July, which is projected to show that companies are becoming more conscious of their recruitment. Employment was probably mitigated after the June increase, while the unemployment rate is expected to increase to 4.2%.