Tweet was posted in May 5th 2019 where Chinese import tax hike to 25% from 10% was proposed.
Immediate negative effects were most prominent on Hong Kong and Straits Times stock index. An observed 4.5% drop.
Immediate effects were negligible on the Shanghai index as bad news seems like it was already factored a few days prior to the tweet. An observed 6% drop prior to the tweet.
Effects on the SnP was negligible. An observed 0.45% drop. The London Stock exchange (FTSE) seems to be humming to its own rhythm.
Donald Trump’s 3rd May 2019 trade war tweets on stock market index around the world
Tweet was posted in May 5th 2019 where Chinese import tax hike to 25% from 10% was proposed.
Immediate negative effects were most prominent on Hong Kong and Straits Times stock index. An observed 4.5% drop.
Immediate effects were negligible on the Shanghai index as bad news seems like it was already factored a few days prior to the tweet. An observed 6% drop prior to the tweet.
Effects on the SnP was negligible. An observed 0.45% drop. The London Stock exchange (FTSE) seems to be humming to its own rhythm.