THE MARKET: This is how the market reacts to Trump – China’s tech companies on the rise

President of the United States Donald Trump’s after the inauguration, the mood of the market has been varied on Tuesday.

Instead of China, Trump has first hit the neighboring countries Canada and Mexico with 25 percent tariffs, and has declared that he will also introduce tough tariffs in relation to the European Union, if the EU countries do not significantly increase their purchases of US oil.

of the teams according to statistics, the EU was the largest export market for both US crude oil and liquefied natural gas (LNG) last year.

Both Brent, used as the international crude oil reference price, and the price of the US WTI crude oil were on a gentle rise on Tuesday. At the time of the review, Brent was quoted at nearly 80 dollars per barrel, WTI at just under 77 dollars per barrel.

Mainland China’s CSI 300 index has been looking for its direction in Tuesday’s trading, and was up 0.1 percent after 8 a.m. Finnish time. Hong Kong’s Hang Seng index was up 0.9 percent.

On the Hong Kong stock exchange, among others, the country’s largest semiconductor manufacturer, partially owned by the Chinese state, saw a solid rise SMIC (+5.6%), a car retailer Zhongsheng Group (+6.6%) and an electric car manufacturer BYD (+4,6 %).

The bill included several energy companies, such as China’s state-owned oil and gas company CNOOC (-0.7%) and an oil holding company PetroChina (-0,8 %).

In Japan, the Nikkei 225 index was up 0.2 percent, while the broad Topix index hovered close to the previous day’s closing readings. Technology companies were on the rise, as were several consumer product companies. The decline included many energy and commodity companies as well as several stocks in the financial sector.

Taiwan’s Taiex index was up about 0.1 percent. Commodity companies and the financial sector rose the most, although the leading riser was a semiconductor manufacturer with a ten percent increase Powerchip Semiconductor Manufacturing.

At the time of review, South Korea’s Kospi index was close to the previous day’s closing readings. Australia’s S&P/ASX 200 index was up 0.7 percent.

The futures of Wall Street’s stock market indices are predicting a bullish opening. Wall Street was closed the day before Donald Trump’s inauguration due to the Martin Luther King Memorial Day.

The future of the Euro Stoxx 50 index was in the red at the time of review, as was the future of the German DAX index.

In the foreign exchange market, the Japanese yen strengthened against all other major currencies. The dollar strengthened against the non-yen. The Canadian dollar weakened across the board following Trump’s tariff evasion.