World stock markets in red figures
The main brokerage houses in the world experienced a sharp drop due to the effects of the trade war waged by China and the United States
The stock markets of the world experience a considerable drop. Analysts blame the phenomenon on the economic war between China and the United States.
As it is known, on August 23rd, the application of 25% tariffs by the North American country against China’s products for 16,000 million dollars began. The measure has triggered a mirror effect on the part of Beijing.
The response from China was immediate, as the country announced reprisals, which led to 50,000 million dollars of Chinese goods taxed by Washington. Additionally, it imposed 25% tariffs against US products. for 16,000 million dollars.
The impact on the stock market, which has been in free fall for a few days, has been red figures covering the United States and the Asian and European markets.
Concerning the figures of the different stock exchanges in the world it was known that the Nikkei index of the Tokyo stock exchange closed with a loss of 151.86 points. Topix was down 12.92 points. It is followed by the Hang Seng index of Hong Kong which lost 429.34 points. In Europe, the FTSE-100 indices in London lost 7,497.87 points; Frankfurt DAX 12,163.01; the CAC 40 of Paris 5,305.22 and the IBEX of Madrid 9,386 points. The Dow Jones industrial giant fell 0.54% and the Nasdaq composite index fell 1.23%.
M.Pino
Source: Portafolio.co
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