The biggest loss of day in a good two years – Diepresse.com
Trump’s customs announcements unchanged for a dark mood on the stock exchanges.
The Vienna stock market continued its descent from the previous day on Friday. The extensive customs announcements by the US President Donald Trump unchanged a dark mood on the stock exchanges worldwide. After the announcement of retaliatory tariffs from the Chinese government, the massive price losses that were already massive were expanded.
Compared to the weak European environment, the discounts in Vienna were also much stronger due to the high weighting of the bank shares. The ATX fell by 5.95 percent to 3,762.81 points. This is the greatest loss of day since bank turmoil in the USA and the Credit Suisse in March 2023.
In addition, the leading index had a bitter week loss of 9.9 percent, which has been the worst weekly balance since the beginning of the Russian offensive in Ukraine 2022. With a decline of more than 13 percent of the multi -year high of the mid -March, chart technicians also see the leading index in the correction area. A large part of the current price gains of the current year has already melted away. For ATX Prime, 6.08 percent went down to 1,888.16 points on Friday.
China’s counter-tariffs on US imports of 34 percent are a « clear sign that we are right in the middle of the escalation spiral, » commented Carsten Brzeski from Bank Ing. This increases the risk that other countries, or the EU, will follow the example.
Analyst Salah-Eddine Bouhmidi from Broker IG now spoke of a « black Friday » at the markets: « The announcement of new tariffs by President Trump has massively shaken market trust. »
The monthly US labor market data tends to be more robust than expected, in view of the customs worries prevailing at the financial markets, largely fell into the background.
Bawag and first sacks off
Sacks in the banking sector First group and Bawag around 7.5 and 8.1 percent. The monetary houses threaten toxic melange of weakness, higher risk premiums and falling interest margins if central banks have to counteract with interest rate reductions with a weakening global economy.
In Vienna, cyclical stocks otherwise clearly got under the bikes and gave a large part of the profits from February and March. Porr and Strabag fell by 7.5 and 10.4 percent, the two construction stocks were the undisputed leaders on the domestic market in the first quarter.
Comparatively low losses only recorded some defensive values. Telekom Austria closed with minus 1.6 percent as the best ATX value.
Under the other individual values, Pierer Mobility collapsed by around 28 percent to 13 euros. The loss of half the capital capital of motorcycle holds makes an extraordinary general meeting necessary on April 25th. In the room there is a bar capital increase with an issue price of 7.50 euros per share. (APA)
