On Wednesday, US President Donald Trump announced new customs duties covering 185 countries. Each imports will be brought to 10 percent of the base tax, 34 percent of the European Union, 20 percent of additional taxes will be applied to the European Union, he said. These statements led to harsh sales in global markets.
It melted 2 trillion dollars in just 15 minutes from the market value of the S&P 500. NASDAQ 100 futures have fluctuated 900 points. Dow Jones fell 1.8 percent, S&P 500 2.7 percent, Nasdaq 100 decreased by 3.3 percent. Similar decreases were observed in the Asian stock exchanges. Japanese Nikkei 2.9 percent, South Korean kospi 1.7 percent, Australia ASX 200 percent fell 1.2 percent. Nike, GM and Nvidia, such as large companies such as shares experienced harsh value.
Crypto coins were also accompanied by the decline. Bitcoin (BTC) fell by 2.3 percent to 83,000 dollars and Ethereum fell to $ 1,817 with 4.5 percent loss.
The US business world reacted harshly to Trump’s decision. 34 percent tax to be applied to products from China was especially criticized. The Union of National Restaurants stated that this decision will leave businesses in a difficult situation, while the National Manufacturers Association stressed that high costs will reduce the competitiveness. According to Yale University, 20 percent general tax can cost US citizens for $ 3,400 per year. The Consumer Technology Association described these taxes as “big tax increase ve and made a recession warning.
On the other hand, the price of ounce of gold broke a record and rose to $ 3,167, while investors turned to safe ports by avoiding risk.
What happened on the futures front?
After Trump’s statements, futures markets were under intense pressure. US stock futures depreciated over 2 percent in the Asian session. This shows that investors will tend to escape risk during the week. The S&P 500 futures fell by 2.3 percent and Nasdaq 100 declined by 2.7 percent. This shows that investors have begun to re -evaluate the growth appearance.
There is a similar pricing on the crypto side. Bitcoin futures contracts give slimming signals in terms of both volume and open position. In options, the June -term decrease -oriented positions attract attention, while the expectation of volatility is increasing. The market seems to be prepared for more sales pressure in the short term.
Hard fluctuation in the crypto market
The mutual customs duties announced by Trump within the scope of “Liberation Day” directly affected not only traditional markets but also crypto assets. In the last 24 hours, a $ 64 billion output from the crypto market, the total market value fell to $ 2.67 trillion. Although Bitcoin pushed $ 89,000 during the day, he tried to hold on to the $ 82,503 support.
On the other hand, Trump’s Memecoin Official Trump (Trump), which was released by Trump, was the worst performance crypto of the day and suffered a 10.18 percent depreciation. The price of Trump has declined to the lowest level of the last three months and saw $ 8.97.
