Tariffs Catch-All

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Nikkei plunge nears 9% as Japanese bank stocks plummet​

Japan’s Nikkei share average tumbled nearly 9% early on Monday, while an index of Japanese bank stocks plunged as much as 17%, as concerns over a tariff-induced global recession continue to rip through markets.

The Nikkei dropped as much as 8.8% to hit 30,792.74 for the first time since October 2023. The index was trading down 7.3% at 31,318.79, as of 0034 GMT, Reuters reports.

All 225 component stocks of the index were trading in the red.

The broader Topix sank 8% to 2,284.69.

A topix index of banking shares slumped as much as 17.3%, and was last down 13.2%.

The bank index has borne the brunt of the sell-off in Japanese equities, plunging as much as 30% over the past three sessions.
 
Taiwan’s stock exchange fell almost 10% on the Monday open, the first day of trading since the tariffs were announced. The drop marked the largest one-day point and percentage loss on record, according to local media.
 
Paul Donovan, chief economist at UBS Global Wealth Management:

Over the weekend, US administration officials gave contradictory statements on trade taxes, causing investors to question the existence of a masterplan. Attempts to justify attacks on the Heard Island penguins only emphasized the peculiarity of the tariff formula. US President Trump took time from their golf weekend to twice post that equity declines were “on purpose”.

Investors had assumed Trump’s trade taxes were a bargaining tool, as during the first term. That depends on competent policymaking to balance the benefits of trade negotiations against the damage of tariffs.

If the competence of policymaking is questioned, markets will worry that economic damage will be lasting.
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eu markets open down badly.

European stock markets plummet as Trump refuses to back down.​

Across Europe, stock markets are in freefall.

In Frankfurt, Germany’s DAX index has fallen by 10% at the start of trading, while France’s CAC has lost 6.6%, and the Italian FTSE MIB is down 5.7%.
 
I have seen a few articles that point out that the past few trading days roughly mirror the trading days leading up to Black Monday in 1987. There was a 22% drop that would equate to a 8,000 point drop on Monday. Of course there were no breakpoints in '87 to slow things down as there would be today.
 
The pan-European Stoxx 600 index, which tracks the six hundred largest companies in Europe, has slumped by over 6% this morning, to its lowest level since early December 2023.
 
UK index is on a sharper decline than last week. Can't imagine the Dow will fare much better.
 
ChileG said:
“To me a deficit is a loss…”

Proof positive this guy is breaking crap and doesn’t have the first clue as to why.
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I noticed that too. It’s Trump admitting he doesn’t understand the most basic aspects of international trade. As with everything in life, he sees this in the simplest, most binary possible terms, where one side must win and the other must lose. Trump isn’t mentally fit to run a 7-Eleven in Dubuque, much less the largest, most complex economy in the history of the world.
 
Right now - Trump has complete control over this market. There will come a time when his actions cause real economic consequences and that is when he will lose control. I would not buy or sell until we get to that point - either on the positive or negative. You are just gambling on the whims of one person if you invest today. You might win. He might relent and provide relief but you might lose and he might just let this shit crash to 2008 levels. Even with a long horizon - we just don't know the ramifications of his policies and how they might affect medium and long term economic activity.
 
nycfan said:
As of now, the futures have about halved the losses predicted last night but still deep in negative opening territory (-2.15% for Dow, -2.47 for S&P and -2.85 for NASDAQ).

The Stock Market’s Fear Gauges Point to a Bounce, Not a Bottom​

The ingredients are in place for a ‘sucker’s rally’ in stocks​


GIFT LINK 🎁 —> https://www.wsj.com/finance/stocks/...f2?st=D6RazG&reflink=mobilewebshare_permalink
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Seeing NASDAQ currently down -8.76 and has been around that for the most part. Was down ~-10% much earlier. I’m looking at CNBC so not to say they’re right. It is their app.
 
CNN has an article on freaking Jamie Dimon now saying the tariffs are bad. Dude was all about them in January telling folks to "get over it."

Another simpleton who didn't listen to what Trump said and just had dreams he would be milder...
 
aGDevil2k said:
CNN has an article on freaking Jamie Dimon now saying the tariffs are bad. Dude was all about them in January telling folks to "get over it."

Another simpleton who didn't listen to what Trump said and just had dreams he would be milder...
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Jamie is a politician. Of course he changed his tune when his job is on the line
 
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