Beijing (EFE) .- The Bags of Continental and Hong Kong registered losses at their opening in a day in which the additional tariffs of 50% to the Chinese products with which President Trump threatened Beijing, threatened Beijing, became threatened if he did not withdraw his taxes to the US goods.
The reference rates of the Shanghai and Shenzhen Stock Exchange recorded 2.31% and 2.58% falls, respectively, a few minutes after starting their activity on Wednesday.
The reference index of the Shanghai bag fell around 65 points, while that of the Shenzhen square recorded a decrease of about 250 integers.
These centers fell 7.34% and 9.66%, respectively, this Monday, after the countermeasures package announced Friday by the Chinese authorities, which included additional taxes of 34% to US products.
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This Tuesday, Shanghai and Shenzhen’s bags managed to rebound 1.58% and 0.64% in support of the markets announced by Chinese state investment institutions.
For its part, the main index of the Hong Kong Stock Exchange, the Hang Seng, fell around 3.24% within a few minutes of the opening, losing more than 600 points after the first minutes of the session until falling below 20,000 integers.
The selective suffered on Monday a 13.2% drop in fear of a global recession caused by commercial tensions between the two largest economies in the world, although it managed to recover a slight 1.51% in the session on Tuesday.
White House spokeswoman, Karoline Leavitt, confirmed on Tuesday that an additional 50% tariff game with which Trump threatened China will enter into force on Wednesday.
Thus, the tax rate on the imports of the Asian country will be at least 104%.
China on Friday deployed a battery of countermeasures to tariffs announced last week by Trump, which already raised the levies imposed on Chinese products up to at least 54%.
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Among them are 34% taxes to imports from the United States, sanctions to some of their companies, restrictions on the export of certain rare earths, the suspension of the importation of chicken and sorghum products of certain US companies, as well as the opening of antimonopoly and ‘anti -dumping’ research against signatures and products of the American country.
The Ministry of Commerce of China transmitted its “firm condemnation” on the “chantajista nature” of the United States and warned that the Asian country “will fight until the end.”
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