US President Donald Trump’s tariff will have a major impact on markets around the world. The Asian stock market saw a major decline on Monday. Nikkei, Japan recorded a decline of 225 points as soon as the market opened. An hour later it fell 7.1 percent to 31,375.71. At the same time, South Korea’s cospy fell 5.5 percent to 2,328.52, while Australia’s S&P/ASX 200 also fell 6.3 percent to 7,184.70.
Hong Kong’s stock market also declined drastically. Hong Kong’s Hangseng index declined by more than 9 percent. On Friday, America’s Nasdaq closed down 6 percent. It is estimated that if this decline had happened in the Indian stock market, it would have fallen by 1400 points directly.
Explain that on the decline of the stock market, Trump said that during Biden’s tenure, other countries treated America badly. This happened due to our poor leadership. Let us tell you that after the announcement of Trump, the stock markets saw a huge decline. From the US stock market to the Asian stock market declined. Cryptocurrency like bitcoin also declined drastically. This has created fear among investors that tariffs will increase inflation and the economy can go into recession.
Earlier, expert Jim Kramer warned that the US markets could fall as a 1987 decline, while Dow Jones had seen the biggest one -day decline so far. In a TV show, Kreer said that on Monday, the worst one -day decline may be faced after the 1987 ‘Black Mande’ on the first trading day on Monday. While there was a sharp decline in markets around the world, the US Dow Jones is leading the industrial average. He claimed that the situation may worsen if the US presidents do not contact countries who have not retaliated against the US.
After all, what is this ‘Black Mande’?
Now suppose that the 1987 expert Jim Kramer is missing, what is it? So let us tell you that on 19 October 1987, it was Monday and on this day there was a huge destruction in the US stock market. Dow Jones Industrial Average was 22.6 percent below. Not only this, the S&P-500 index declined by 20.4% and its effect was felt all over the world. Now Jim Kreer has said that Donald Trump’s tariff may lead to the biggest decline in the market after 1987.
