May 14, 2019 at 14:45: The muddy swamp of the US-China trade war! They say not to move during a storm…?
From the investment e-newsletter “Sugimura Tomo’s Investment Salon” by Tomi Sugimura, provided by GogoJungle, here is a small excerpt from what was distributed today.
The stock market in the Reiwa era has opened with turbulent times. It’s been a continued decline, a continued decline indeed. After all, there are no high days. On April 24th, it reached a rebound high of 22,362 yen (trading day basis), but the low on May 14th was moments of 20,751 yen. A rapid drop of over 1,600 yen in one go.
The main cause is intensified U.S.-China trade frictions. The market's reaction in recent weeks, including the author, has been somewhat optimistic. The 617-point drop of the NY Dow on May 13th was a recoil from that. The retaliation between the U.S. and China shows no sign of settling. Or rather, in fact, one could say it has moved toward the final stage….
“Sugimura Tomo’s Investment Salon” (Tomo Sugimura)quoted.
As the U.S.-China trade negotiations influence stocks and push them lower, and with further tariffs on China still unannounced, the current situation doesn’t show signs of settlement—perhaps staying wary is wise. (Editorial staff)
