World stock markets on Tuesday, going down on problems in Asia
World stock markets on Tuesday, going down on the problems in Asia, including in China and Hong Kong.
Major U.S. stock indexes on Monday lost up to 1.5% amid investors ‘ concerns about trade relations with China and unrest in Hong Kong. Moody’s on Monday said that the new US tariff on goods from China could lead to slowdown in economic growth in both countries in 2020.
Investors are watching the developments in Hong Kong, where protests against the amendments to the extradition act.
Asian markets on Tuesday closed with decrease of indices to 2.1%.
The tension about what is happening in Hong Kong strengthened the statement of the Chinese authorities that they see in the violent actions of protesters the first stirrings of terrorism.
European indices lose on Tuesday, more than 1% amid reports that investor confidence in Germany in August unexpectedly fell to minus 44.1 points.
Russian stock market declines following the global markets, falling to 0.8-0.9 percent for the main indexes. The ruble losing more than 15 cents to the dollar and just over 5 cents against the Euro amid falling oil prices.