Because of US tariffs: Bloodbath on stock markets
The announced US tariffs are having an effect. Most shares are plummeting. Tech companies are being hit particularly hard.
(Image: finviz.com)
Uncertainty prevails on global stock markets due to the mass tariffs announced by the USA. Investors are selling their shares, resulting in deep red figures. The S&P 500 index alone, consisting of the 500 largest US companies, has fallen by 4% since Thursday and by 12% since the beginning of the year.
The uncertainty is also spilling over into the German DAX, which has fallen by almost 5 percent since Thursday and now stands at around 20,600 points. Nevertheless, it is still up 3.6 percent on the start of the year. Domestic defense companies such as Rheinmetall and energy companies in particular continue to perform strongly month-on-month.
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US tech companies are suffering the most
In the US, tech companies that previously benefited from the hype surrounding artificial intelligence are currently doing particularly badly. Nvidia plummeted by more than 7 percent within one day. Since the beginning of the year, the company has lost over a third of its value – at its peak it was worth almost 3.5 trillion US dollars, now it is worth just over 2.3 trillion. Apple and Microsoft have also fallen below the 3 trillion mark.
Palantir, Tesla and Intel are currently the biggest losers with falls of almost 10% since the US stock markets opened today. Across the US, the losses in value add up to several trillion US dollars.
Meanwhile, the US tariffs are not due to come into force until April 5, 2025. Most countries will be subject to a basic tariff of 10 percent. For individual countries, the USA envisages tariffs of up to 50 percent. The EU will end up with 20 percent.
If the US government goes through with its plans, poor business figures can be expected in the coming months. This would provide further potential for share price slumps.
(mma)
