The markets are a great opportunity to see additional disturbances that happened on Thursday and Friday, according to a post by former US Treasury Secretary Lawrence Samers, via the X platform on Sunday. “This is the fourth biggest loss in two days since World War II,” said Samers, a professor at Harvard University and a wage contributor at Bloomberg TV. He added: “The previous three times during the collapse of 1987, the financial crisis in 2008, and the kofid’s pandemic. A landing of this size means that there are probably problems that threaten the horizon, and people have to be very careful.” The US and international stock markets fell last week after President Donald Trump announced the imposition of major customs duties on China, the European Union and a number of other countries, as well as a 10% tax on all US imports. The sharp declines of US shares The S&B 500 index dropped to the lowest level in 11 months, resulting in only two sessions to a loss of approximately $ 5.4 billion in the market value. The fall in the most important stock markets in the Middle East, including Saudi Arabia, continued on Sunday, where it recorded its biggest losses since 2020, with investors interacting with the risks of a new worldwide trade war and the fall in oil prices. Investors are preparing for more fluctuations with the reopening of Chinese markets on the continent and Hong Kong Monday, after the Chinese government announced retaliation against all US imports. The Chinese shares listed in the United States fell by 8.9% on Friday, which is the biggest decline since October 2022. If the same drop is repeated in the local markets, the indicators of Chinese shares may enter the scope of “technical correction”, and in some cases it is close to a falling market.
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