Trump duties: Rally and Asian stock markets after “freeze”

Rally and at Asian stock markets After launching her Wall Street by the ‘freeze’ of dictatorial for 90 days on his part Donald Trump.

OR Japan led the rise to the area, with the basic index Nikkei 225 reinforce by 8.35%while the wider index Topix rose 7.44%. In South Korea, the Kospi It jumped by 5.36% and the Kosdaq low capitalization index rose 5.32%.

In Australia, the S&P/ASX 200 was reinforced by 4.69%.

It is recalled that the US president’s decision to “freeze” for 90 days, with immediate effect, the imposition of “mutual” duties on countries that approached the US for negotiations of trade agreements and did not retaliate, and instead of the same period of the same time, a 10%horizontal duty was held at the same time. Investors and launched Wall Street indicators.

The US market started the meeting uphill but cautiously, but after the Trump decision it has served on a stunning sprint, with indicators recording their best performance for several years.

In particular, the industrial index Dow Jones He made a jump of nearly 3,000 points (2,962.86 points for accuracy or 7.87% and closed at 40,608.45 points, scoring his biggest daily rise since March 2020.

The wider S&P 500 It launched 9.35% higher and finished at 5,448.50 points, achieving its best daily performance since 2008 and its third best performance after World War II.

Even more spectacular was the rally of the techno Nasdaqwhich with a stunning +12.16% closed at 17,124.97 points, marking its largest daily jump since January 2001 and the second best in its history.

Strong earnings of 8.5% also recorded the Small Capitalization Index Russell 2000.

The volume of trading was ranging in record levels, according to figures starting 18 years ago, as hands were about 30 billion shares.

A strong recovery was also recorded by many “heavy” cards on the US market, which had been under strong pressure due to the trade war in recent days. Indicatively, it is noted that Apple closed with a jump of over 15%, Nvidia’s stock recorded almost 19%profits, Walmart’s title scored almost 10%, while Tesla’s title jumped by 22%.

It is noted that as Donald Trump announced his decision to “freeze” the duties, Goldman Sachs published its revised report on the chances of recession of the US economy, which raised 65% from 45% earlier, with the investment bank.

Rally and in oil

A strong rebound was also recorded by oil, which returned more than $ 60 a barrel after Trump’s announcement.

In particular, the Brent Future Future Contract, June’s delivery, extinguished the losses of 5% that recorded early today and closed with $ 2.66 or $ 4.23% at $ 65.48 a barrel, while the US Army, Weste TEXAS Intermediate, Maiou, Maiou, Maiou. 4.65% at $ 62.35 a barrel, recovering from a low $ 55.12 day.

Jump over 7% for bitcoin

Trump’s change of strategy in the trade war caused a rally in cryptocurrencies, with Bitcoin jumping over 7% to $ 82,305.55, according to Coin Metrics, marking a dramatic recovery from a low $ 74,567.02 day.

Ether and XRP also recorded strong profits, while 14% jumped Solana.

Quite different the image of the stock markets on the opposite bank of the Atlantic, as the Europe’s markets were closed before the rally triggered by Trump’s announcement, completing another meeting on “Deep Red”, although after the approval of the first Eurozone retaliation on US duties at noon, they reduced their losses to some extent.

More specifically, the Pan -European Stoxx 600 index scored 3.50%, while intra -conferences were losing more than 4%. The Euro Stoxx 50 also dropped 3.31%, with the Eurozone’s “heavy papers”.

Losses also recorded the individual stock exchanges, but they closed away from the low day.

In particular, the DAX index in Frankfurt fell 2.96%, the CAC 40 in Paris lost 3.34%, in Milan the FTSE MIB fell 2.75%, while in Madrid Ibex 35 closed 2.01%lower. The FTSE 100 index in London finished with 2.92%.

In new lows Chinese yuan

At the same time, Chinese Wan has closed its lowest level for more than 17 years on Wednesday.

Specifically, Wuan completed its domestic negotiation at 7,3498 per dollar, recording the weakest closure since December 2007.

The offshore yuan offset the losses and climbed about 0.7% to 7,3769 yuan per dollar in Asian transactions, with more than 1% to the previous meeting and reached a low record of 7,4288 overnight.