After stagnant after heavy losses on Wall Street, the world stock market has reached a high level on Tuesday, as investors monitor the growing dispute between China and the US trade.
The FTSE 100 in Britain increased by 0.9% to 7,230, while France’s CAC 40 advanced 1.2% to 5,324. Germany’s DAX rose 0.6% to 11,949 Futures started a debut on Wall Street, contract of Dow Jones Industrial Average contracted 0.6% and contract for the S & P 500, which raised its biggest loss on Monday by adding 0.7% since January.
Increasing tensions between Beijing and Washington have already shocked investors. When China announced late on Monday that it was due to the latest increase in import duty in the Chinese export. By the Trump Administration to $ 60 billion on imports from the United States The tariff was increasing.
Mizhou Bank said in a comment, “With the clear stance of the state media that China. ‘will fight till the end,’ has raised concerns of a distraught and comprehensive trade war.”
Trade negotiations between the United States and China ended on no negotiation and the import duty on US $ 200 billion of Chinese goods was increased from 10% to 25%. Officials also said they were preparing to expand the tariff to cover other goods of $ 300 billion.
Another indicator of investor jitter, ViX Index, which measures how much volatility in the market is expected in the future, rose 28.1% on Monday.
Nevertheless, as the tariff of Beijing is effective only on June 1 and the people raised by Washington apply to the goods sent only after May 10, which will take weeks or more to reach the US, even then in the festivals It is time to compromise Troupe administration says that there is unfair and violation of the world’s business rules, it means that to gain an edge in advanced technologies Controversy over Chinese efforts
In Asia, most of the shares closed at lower levels as merchants caught up with Wall Street first with losses.
Shanghai Composite Index slipped 0.2% to 2,883.61, while Japan’s Nikkei rose 225.6% to 21,067.23. The Hang Seng Index in Hong Kong reopened after Monday’s market holiday, plunging from 1.5% to 28,122.02. In Australia, S & P ASX 200 fell by 0.9% to 6,238.40.
Elsewhere in Asia, South Korea’s Cospy 0.2% to 2,082.83 and the Sensex of India climbed 0.6% to 37,318.53. Shares fell in Taiwan and Southeast Asia.
American crude rose 63 cents to $ 61.67 a barrel in electronic trading on the New York Mercant Exchange. On Monday, 62 cents or 1% of the total loss was $ 61.04. Brent crude rose internationally from $ 1.08 to $ 71.31 a barrel.
Dollar rose from 109.31 yen to 109.72 Japanese yen on Monday Euro $ 1.1223 to $ 1.1233