Market: Trump’s confirmation of customs duties received the Asian market

US president Donald Trump confirmed that 25 % customs duties set for Canada and Mexico will take effect. The decision received the share prices on Wall Street on Monday, and the decline continued on Tuesday on the Asian Stock Exchange.

At the time of the review, the Chinese CSI 300 index was 0.1 % decrease, the Hong Kong Hang Seng index by 0.2 % and the Tokyo Nikkei index 1.4 % decline. The Korean Kospi index was down 0.1 %.

On Tuesday, China reported that it will respond to Trump’s actions and set 15 % customs duties on some US products starting March 10, and restricts export and activities in China for several US companies. China’s customs fees include US agricultural products such as soybeans and corn.

The United States has set 10 % additional grant fees for China, which entered into force today on Tuesday. Customs fees will be on top of 10 % duties set earlier in February.

The customs duties and weakened relationships between China and the United States are expected, among other things, to increase uncertainty and slow down economic growth, as well as investors’ confidence in the Asian market.

Taiwan Semiconductor Manufacturing Companyn Shares fell by more than 2.0 percent on Tuesday. Trump said TSMC would make more than 100 billion investment in the United States to support chip production.

On Tuesday, Wall Street is anticipated by futures on the basis of a rising opening. The Dow Jones futures at the time of the review was 0.2 percent rising, the S&P 500 futures by 0.3 % and the NASDAQ rises by 0.4 %.

The invoice opening is anticipated in Europe.

At 8.31am, one euro received $ 1.05, $ 156.68 yen, £ 0.83 and a Swedish crown of € 11.04. The dollar got 149.42 yen and the pound got $ 1.27.