The Bel20 index fell 4.68 percent to 4,093.59 points on Friday, the biggest loss since the Coronacrisis. The index of twenty star shares is therefore immediately lost his entire profit this year.
The Brussels stock exchange could still limit the damage on Thursday. A day after US President Donald Trump announced high taxes on goods introduced in the United States, the Bel20 index “only” only “1.13 percent, but the locks opened on Friday. That was mainly the result of a counter -measure from China, which reduced a levy of 34 percent on American products And the trade war thus raised the height.
The largest day loss in the index shares came in the name of KBCthat 9.13 percent slipped away to 73.44 euros. Bee Sofina, Montea, Ackermans & Van Haaren and UCB The loss also increased to more than 6 percent. Sofina fell 7.87 percent to 213.20 euros, Montea 7.22 percent to 61.70 euros, Ackermans & Van Haaren 6.35 percent to 188.80 euros and UCB 6.34 percent to 150.65 euros.
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Lotus Bakeries achieved the least bad result in the index values. The cookie baker could limit the loss to 1.36 percent with a final rating of 7,980.00 euros.
© AFP
European stock markets
The other European stock exchanges also suffered substantial losses on Friday. The CAC 40 index in Paris went 4.26 percent in red and the AEX index in Amsterdam 4.12 percent. Both in Frankfurt and London the loss was around 5 percent, the Milan stock exchange even ended 6.5 percent in red. In the three cases that was the biggest loss since the start of the Corona Pandemie in March 2020.
Also heavy losses on Wall Street and South American fairs
The stock markets in New York also have heavy losses again on Friday. After the announcement of China’s retaliation measures, the S&P 500 Just under 6 percent lower. The widely composed indicator closed on a position of 5,074.08 points.
The index suffered its biggest two -day loss on Thursday and Friday since the start of the Coronapandemie in March 2020, with more than 5 trillion dollars evaporating in market value.
Of Dow-Jones index dropped 5.5 percent to 38,314.86 points, the lowest listing since the mid -last year. In a week the Dow lost 8 percent in value, the worst stock market week for that index in years. Tech fair Nasdaq lost 5.8 percent to 15,587.79 points.
Shares of stock market weight Apple Was again massively dumped and were worth more than 7 percent less. The tech company leans heavily on China for the production of its iPhones and other electronics. Shares from a few large banks, which are sensitive to economic fluctuations, also fell sharply.
Oil Also fell hard into price due to the recession. A barrel of American oil became 6.4 percent cheaper and cost $ 62.66. Brent oil lost 5.6 percent to a price of $ 66.21 per barrel. The euro fell compared to the dollar and was worth 1,0949 dollars.
South American stock exchanges
The fairs of Mexico City, Sao Paulo and Buenos Aires closed on Friday with losses between 3 and 7 percent.
Brazil and Argentina, respectively, the largest and third largest economies in Latin America, were given input rates of 10 percent. Mexico, the second largest economy in Latin America and the first trading partner of the United States, was not imposed on a reciprocal import rates, but is exposed to the import rates of 25 percent that apply to steel, aluminum, cars and car parts.
In Brazil, the Bovespa-index 2.96 percent to 127,256 points. The IPC-index From the Bolsa Mexicana de Valores (BMV), the most important stock exchange of Mexico, 4.87 percent to 51,152.73 points. The index was still 0.54 percent a day earlier. In Argentina, the Merval-index 7.38 percent to 2,107,815.97 points.