All flights were canceled due to anti-Beijing protests at the airport in Hong Kong, one of Asia's most important financial and commercial centers. These protests caused a decrease in the stock market. The index experienced a decline of about 2 percent.
A NEW ECONOMIC CRISIS PACK IS EXPECTED IN ARGENTINA
Argentina's presidential election as a summary of the presidential elections, the opposition Alberto Fernandez's President Mauricio Macri's more votes in the markets caused the earthquake. The loss of the Argentine peso against the dollar has exceeded 30 percent. The Argentine Stock Exchange, in terms of dollars by 48 percent in the history of stock exchanges realized the second largest daily decline. For the first time since the arrival of President Macri in the country, the Argentine peso has lost so much value in one day. After a day of turbulence in Argentina, a new economic crisis package is expected.
US INTEREST CURVES REVERSE
The tax crisis between the US and China and the recent developments in international markets have led to a decline of more than 700 points in the Dow Jones Stock Exchange Industry Index (DJIA), one of the major US stock indexes. US President Donald Trump, who made statements about the market activity, said that the Fed is too late on some issues.
US local time at 13.00 DJIA'nin to 744 points to fall, the German and Chinese economy after a series of signals that occurred after a series of global recession raised the fear of the formation.
It was announced that the US Trade Representative decided to postpone the additional tax, which they are planning to apply to certain Chinese products, to December 15 as of September 1.
US Trade Secretary Wilbur Ross said in a statement that China did not make any concessions despite the US decision to postpone. After President Donald Trump announced that the US would postpone the imposition of taxes on China, indices gained points on the US stock exchange yesterday to include DJIA, while shares in some major technology giant companies, including Apple, were up. On the other hand, the negative economic data coming from China and Germany raised the concern of a global recession.
CHINA'S INDUSTRIAL PRODUCTION AT THE LOWEST LEVEL OF 17 YEARS
China's industrial growth in July was at the lowest level in the last 17 years. China's industrial production, which is experiencing tension with the US, rose only by 4.8 percent in July. Accordingly, the increase in the country has been the lowest since 2002.
THE GERMANY ECONOMY SHRINKED
The German economy, on the other hand, contracted by 0.1 percent in the second quarter of this year as global trade conflicts affected German exports. Thus, Europe's largest economy and the world's fourth largest economy shrank in the second quarter.