Asian Stock Market: Due to tariffs and increased tension between America and China, there was a tremendous impact on the Asian stock market on Wednesday. After the recent rise in the market, on one hand investors are retreating from investing money in the market, while on the other hand, a decline in the prices of gold and silver is being seen for the second consecutive day.

The decline has been seen from Hong Kong to Shanghai, Sydney, Wellington, Taipei and Manila. After the reduction in political tension in Japan, the Tokyo market has also declined due to profit booking.

Asian market decline

After Sanae Takaichi became the new Prime Minister of Japan, Nikkei fell by 269 points or 0.55 percent to the level of 49,046. While Hong Kong’s HSI also fell by 342 points or 1.32 percent to 25,684.

Along with this, Shanghai and Shenzhen also fell by 0.44 percent and 0.81 percent. On the other hand, South Korea’s Kospi increased by 3 points and reached 3,827 points at around 9.30 am.

decline in gold and silver

In the beginning of this year, a tremendous rise was seen in gold and it rose by almost 60 percent. But on Wednesday it fell to 4 thousand dollars an ounce. A day earlier, on Tuesday, gold had reached a record $ 4,381.51 per ounce. Whereas along with gold, a decline was also seen in the price of silver.

It is believed that this fall in the price of gold has happened due to many reasons, including the weakening US dollar, possible cut in US interest rates and the massive increase in gold reserves by the Central Bank.

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After US President Donald Trump’s decision to keep smart phones and computers out of the scope of tariffs, technology stock flew and appeared in Wall Street on Tuesday. After his statement to help some automakers from Trump, the auto sector shares also saw an increase and positive investors’ sentiments.

The US government has kept large amounts of imports, computers and other electronics out of tariff from China. Japan’s Nikkei 225 points i.e. 1.15% climbed up by 1.16 percent in the topic index. Auto stock was the most profitable. Suzuki Motor shares saw a jump of 5.28 percent while Majda Motor 5.08 percent, Honda Motor 5.50 percent and Toyota Motor’s shares showed 4.483 percent.

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A day earlier on Thursday, after the brightness in the Asian market on Thursday, a period of decline continued on Friday. At the peak between the US and China, the trade tension is directly affecting the wall street. Nikkei of Japanese 5.46% Fila i.e. it fell by 225 points. Earlier, the tariff on the tariff placed on many countries by Trump was brightened in the Asian market. Nikkei saw a rise of 9% on Thursday.

Retail shares fell by 3.87%. Tokyo Electron’s stock fell down 5 percent and Advantest Stock also fell 7.5 percent. After a decline in all 22 industry sub -index of the Tokyo Stock Exchange, Japanese Prime Minister Shigeru Ishiba formed a task force to carry out business talks with the US.

Minister of Economic Affairs Ryosei Akazawa will lead this task force and the media there says that it is expected that he will visit Washington next week.

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Asian stock market: Due to Trump’s tariff, the global market saw an improvement in the stock market of Japan a day after the upheaval. Tokyo’s Nikkei index fell 7.8% on Monday, while on Tuesday morning it made a strong comeback and traded with a gain of about 6%. Whereas, the Nikkei 225 index climbed 5.81% or 1,809.92 points to 32,946.50. The Topix index also showed 6.20% or 141.82 points at 2,430.48. Whereas, on the other hand, the KOSPI index of South Korea was also trading above about 2 percent.

It is clear from these sub -signs that the kind of earthquake that was shown in the Asian market a day earlier is seeing some relief. Earlier, the US market saw a huge decline, where Dow Jones fell 0.91% i.e. 349 points to close at 37965.60.

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