Dip of the indicators in Wall Street
The new customs duties announced by US President Donald Trump that they will be imposed on the products imported in his country raise a “significant risk” for the global economy, the Director General of the International Monetary Fund warned on Thursday (IMF), Cristalina Georgieva.
“It is important to avoid measures that could hurt the global economy even more.” Ms. Georgieva added in a press released announcement, while US trading partners are preparing to proceed with retaliation measures imposed on Wednesday by Donald Trump.
“We are still in the process of evaluating the macroeconomic impacts of the tariff measures announced, but apparently they have a significant risk for the prospect of the global economy in a period of slow -growing growth,” the IMF chief said.
“We urge the US and their trade partners to work in a constructive way to resolve commercial tensions and reduce uncertainties,” he added.
Trump: Expected Significant Fall in Wall Street
The customs duties announced by Donald Trump, higher than most expected, caused Thursday Falling the dollar, oil price and stock markets around the worldas investors apparently discount a decrease in growth and trading on a global scale.
Trump said the significant fall in Wall Street was expected in the aftermath of duties announced Wednesday.
But defeated his decision, arguing How was it necessary to treat the “sick” American economy.
Trump also said open to tariff negotiations if other countries offer something “amazing”.
Significant losses recorded the New York Stock Exchange on Thursday, where The S&P 500 has recorded its largest fall since June 2020 while Dow Jones and Nasdaq declined over 1,000 points each.
In particular, the industry’s Dow Jones index closed with 1,679.39 points (-3.98%), at 40,545.93 points.
The Nasdaq index, which dominates technology companies, closed 1,050.44 points (-5.97%), at 16,550.60 points.
The broader S&P 500 index, indicative of the general trend, closed with a drop of 274.45 points (–4.84%), to 5,396.52 points.
The Tokyo Stock Exchange fell 1.9% in the first minutes of transactions, the day after the dip of the indicators in Wall Street.
Shortly before 03:10 (Greek time), the Nikkei index fell 1.9% to 34,074 points. The broader Topix index recorded an even stronger downward trend, down 2.28%to 2,510 points.
On the Seoul Stock Exchange, the Kospi index opened 1.5%, in Sydney the basic index recorded 1.33%.
