Trump's customs circuit ensures minus in crypto and stocks
The global financial markets start quite red the week, while a new chapter in the trade conflict under the leadership of US President Donald Trump is emerging. On Wednesday, April 2, a comprehensive customs package should be announced that could potentially have a significant impact on world trade – according to Trump, no state should be spared. The announcement caused turbulence on the stock exchanges and on the crypto markets in advance.
The crypto markets, as usual very volatile, immediately corrected noticeably down on Monday. Bitcoin (BTC) fell to around $ 81,500 in the Asian trade lessons on Monday morning and thus recorded a further decline after a weak weekend. Important old coins such as XRP, Cardano (ADA), Solana (Sol) as well as Dogecoin (Doge) and Ethereum (ETH) also gave up between 2 % and 7 %. Harder also hit Sui or Hedera (Hbar), who lost 8 or more percent.
Asian exchanges deep in the minus
Similar to crypto-assets, Asian stock exchanges that opened before the European and the US on Monday are also a harbing of what else may come. Japan's Nikkei 225 lost almost 4 % on Monday, falling to the deepest level since September last year. The Hang Seng Index in Hong Kong fell by 1.7 %, while the South Korean Kospi index recorded a decrease of 3 %.
The mood was also steamed in Europe: the Dax and the Euro Stoxx 50 started in the minus. Banks such as BNP Paribas and InG as well as industrial groups such as BASF and the chip manufacturer Infineon are particularly affected. Analysts already warn that despite a robust annual beginning of the year, Europe will not be spared a trade dispute.
Gold at record high
In contrast to stocks and cryptocurrencies, gold was able to benefit greatly as a classic escape investment. The price for a tubular ounce of gold climbed to a new all-time high of $ 3,125 on Monday. The increasing demand for safe ports shows how carefully investors act in view of the geopolitical and economic uncertainties. The returns of US state bonds also sank on Monday, which indicates increased demand for low-risk systems.
What is behind the market panic?
The core of the current uncertainties lies in Trump's plan to impose new tariffs from up to 50 % to imports from over 25 countries. According to estimates, these so-called “Liberation Day” tariffs could affect a global trading volume of over $ 1.5 trillion by the end of April. In addition to the announced tariffs, secondary sanctions, such as against buyers of Russian oil, and existing trade conflicts with China, Canada and Mexico also ensure additional stress. It will now be exciting how US shares and exchanges will react on Monday Nahcinn when the trade starts the week.
