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FxWirePro: Global equities selloff amid trade war fear

Global equity markets are continuing their selloffs that began in North American session on Friday after President Trump announced that his administration would respond with a 10 percent tariffs on Chinese goods worth $200 billion if China retaliates against the U.S. decision to impose 25 percent tariffs on $50 billion Chinese goods, of which tariffs on $34 billion goods would go live on July 6th. China announced equal response just after President Trump’s initial announcement.

After large-scale selloffs over the last two days, here is what the equity indices have done so far,

  • Australia’s ASX200 is down -0.73 percent; trading at 6100 area.
  • Japan’s Nikkei225 is down -1.8 percent; trading at 22280 area.
  • China’s Shanghai Composite is down -3.4 percent after the extended holiday; trading at 2920 area.
  • Hong Kong’s Hang Seng future for immediate delivery is down -2.8 percent; trading at 29430 area.
  • India’s Nifty50 is down -0.62 percent; trading at 10730 area.
  • European markets are not opened yet but futures indicating more than a percent selloff across the continent.
  • North America is not open for trade but both S&P and NASDAQ futures are down more than 1 percent.
  • Japanese safe-haven yen is up 0.5 percent despite a stronger dollar.
  • Market Data
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