US-China trade war expectations caused sharp decline in stock markets

Baku. 24 March. REPORT.AZ/ Increased trade war prospects between China and U.S. caused sharp decline in global stock exchanges. Report informs citing the Bloomberg, Dow Jones, the main stock index of U.S., dropped by 5.7% to 23,533 this week. Moreover, S & P 500 index dropped by 6% and Nasdaq technology index dropped by 6.5%.

Notably, President Donald Trump on March 22 signed an executive memorandum on Thursday that would impose retaliatory tariffs on up to $60 billion in Chinese imports. In response to President Donald Trump's announcement Beijing on Friday said it may target 128 U.S. products with an import value of only $3 billion.

Disclosures also resulted in a 3.4% decline of China's key stock exchange index, Shanghai.

Analytical Group of Report predicts that stocks will stabilize in the global equity market after the fall in share prices, and announcement of company's first quarter financial indicators.