Stock Indices Under Pressure

Economic News
03 thg 4, 2018
Stock Indices Under Pressure

Yesterday was marked by a mass sell-off of stocks of the top high-tech companies. Stock indices fell in the biggest drop this year following statements by Donald Trump that Amazon needs to pay more taxes. The shares of many companies were sold and the index of S&P 500 dropped by 2.2%.

After this event Asian stocks are also under threat.

China's request for trade talks on 26 March has not been considered. On Monday China imposed retaliatory measures and imposed a new tax on American goods. Meanwhile, South Korea is seeking to expand markets in Asia against the background of these events. South Korea is trying to strengthen its trade relations with Vietnam.

Since the beginning of the week energy prices began to fall. Thus for Brent crude oil prices fell below US $68 per barrel.

SuperForex
China Imposes Tariffs on US Products

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China Imposes Tariffs on US Products

It seems the two countries are headed for a trade war.

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