Unlike in Asia and Europe, international trade and emerging market currency losses have barely hit the US stock markets on Friday. Some caution was felt on Wall Street, where the Dow Jones Industrial (Dow Jones 30 Industrial) battled for the 26,000-point mark. The technology industry was stable after its recent record run; The Nasdaq indexes rose again close to their bests and also recorded significant gains in the month of August. On Monday, no action is taken in the US for a holiday.
The faltering talks between Canada and the US on free trade talks have weighed down the stock markets in Asia. Almost all markets went down. In Japan, the leading index Nikkei 225 recently lost around 0.70 percent to 22,705 points. China’s stock markets were down about one percent.
With the provisional agreement between the US and Mexico, the fear of investors of a trade war is not yet banned according to experts. “There’s a lot of debate going on right now,” says Andrew Milligan, Aberdeen Standard’s chief investment officer. “Is US President Donald Trump hoping to reach agreements with all major partners to prove he is a successful negotiator, or does he want an agreement on Nafta and with the EU to focus his entire firepower on China?”
