Trade war between China and USA is growing steadily. This trade war in China’s stock market is a huge market.
Compared to January, the Shanghai Composite Index has recorded a fall of 19%. It closed on Friday at 2,889.76. People in China’s stock market are selling stocks and are not buying them.
This is the first time seen in China’s stock market for the first time since March 2015. According to the report of the South China Morning Post, a loss of $ 514 billion this week in the Chinese stock market, which is equivalent to Sweden’s economy.
This damn happened after US President Donald Trump warned to pay an additional $ 200 billion. Trump has given this warning among China’s counter-threats.
Shanghai composites had the strength of 34 percent in the last two years. This was due to the profitability of large companies. Many agencies say that Chinese is struggling with the double market share market, trade war and lack of capital.
According to Bloomberg’s report, because of trade war, the confidence of foreign investors has shaken on the Chinese stock market.
According to the report of South China Morning Post, foreign investors sold shares worth 306.3 billion yuan on Tuesday and Thursday 834.2 million yuan shares were sold.
The record was down in the shopping record. Due to heavy downturn in the composition of shaigha, it has been ranked as the world’s weakest stock market.
Bloomberg says investors have a fear of fear because of fear of a trade war from the United States.
Analysts from all over the world say that China will have to suffer more in the business war with the United States.
China has been saying that it will respond to the United States, but investors are not returning to the stock market from its point of view.
However, it is also being said that its effect may be clearly visible in the US stock market in the coming weeks.
Many experts believe that this war started from the United States can create conditions for the cold war.
China and the United States are the two largest economies in the world, and if the tension between the two continues for a long time, then the economies of the world will be affected.
On Friday the Japanese stock market Nikkei recorded a decline of 1.1 percent.