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Global actions have erased a large part of their earnings on Tuesday after China retaliated against the United States with prices on energy exports and Google.
A 10% increase in prices on China came into force on Tuesday. President Donald Trump earlier interrupted prices on the North American neighbors of the United States following a market course on the fears of a global commercial contraction on Monday.
The break on samples in Canada and Mexico had injected hope into the market that a World Trade War could be avoided, but the American prices and the Chinese response are lower than the actions.
Hang Seng of Hong Kong was up up to 3.3% before erasing some of his earnings to exchange 1.8%. The offshore renminbi dropped 0.1% compared to the dollar to 7.32 RMB.
Other Asian markets have followed the same scheme. Nikkei 225, heavy with the Japanese exporter, moderated his earnings and increased by 0.9% after the deadline.
Kospi in South Korea won 1.2% on Tuesday. Taiwan Taiex’s reference won 0.4%. Continental China markets are closed until Wednesday.
American Futures underlined the negotiated American shares. The contracts following the S&P 500 and the Nasdaq both fell 0.2%.
Brent’s crude oil prices, the international index, dropped 0.7% on Tuesday at $ 75,41 per barrel. West Texas International, the American reference, dropped 1.7% to $ 71.9 a barrel.
The increase in Trump of 10% of prices on China has taken effect, as well as new policies aimed at putting an end to the rule of “minimis” which exempts imports of a value of less than $ 800 of American rights.
The American president is expected to speak to the Chinese leader Xi Jinping in the coming days.