Money and business
After Trump’s customs duties, Asian stock exchanges and the yen retreated
The Tokyo Stock Exchange fell by more than 3% at the opening of trading on Thursday morning, while the Seoul Stock Exchange fell by about 2%, in losses that resulted from the president imposed and it is likely to paralyze the Asian economies that are strongly dependent on export.
And approximately 00:05 GMT, fell on the Tokyo Stock Exchange, the main Nikai Index by 3.17% to 34591 points, while the broader Topics index collapsed by 3.84% to 2547 points.
On the Seoul Stock Exchange, the situation was not better, as the Cosby index fell by 2.24% after it had been 3% at the opening.
And approximately 00:05 GMT, fell on the Tokyo Stock Exchange, the main Nikai Index by 3.17% to 34591 points, while the broader Topics index collapsed by 3.84% to 2547 points.
On the Seoul Stock Exchange, the situation was not better, as the Cosby index fell by 2.24% after it had been 3% at the opening.
The yen is up to the dollar
The Japanese yen price increased by 1% against the US dollar on Thursday after US President Donald Trump imposed new customs duties on his country’s imports from all countries of the world.
At the beginning of the morning trading in Tokyo, the dollar price reached 147.69 yen.
Thus, the Japanese currency, which is traditionally considered one of the safe havens for investors, has increased by 1% compared to the price closed on Wednesday.
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