- Baba sinks below $ 106 on Monday, lowering more than 10%.
- The Dow Jones fell more than 2% at the beginning of the day.
- Asian actions collapse by the commercial war triggered by Trump’s tariffs.
- Trump suggests that he could add an additional 50% tariff to Chinese products.
Alibaba (Baba) The actions collapsed 10% just before noon on Monday after the US president Donald Trump threatened Xi Jinping from China with an additional increase of 50% of existing American tariffs.
In a publication on its Truth Social platform, Trump wrote: “If China does not withdraw its 34% increase over its already prolonged commercial abuses for tomorrow, April 8, 2025, the USA It will impose additional 50%tariffs, effective as of April 9. “
China imposed an additional 34% tariff on US imports last Friday after the Trump administration policy to add a 34% tariff to its existing 20% ​​tariff on Chinese products.
Trump publication in Truth Social for April 7, 2025
According to the Think Tank Cato Institute in Washington, some Chinese products could see tariff rates close to 130% if Trump carries out their rhetoric. Currently, USA.
Trump also said that any commercial meeting would end that China has requested whether the 34% tariff of China on US products comes into force.
The Dow Jones industrial average (DJIA) has lost 2% at noon on Monday, while Nasdaq Composite and the S&P 500 are both below 1.5%. Several Asian stock markets activated shorter short -circuit stops on Monday due to intense mass sales. These include the stock markets of South Korea and Taiwan.
Alibaba technical analysis
Alibaba’s shares crossed the support at $ 120 on Monday. The next stop is $ 96, a level that has not seen since the end of January. The relative force index (RSI) has fallen to 26 for the first time since December 2023.
The next support is at $ 80, where Baba found a support recently in mid -January. That was before positive signs of the Chinese government arose and the renewed interest in the various models of Alibaba qwen pushed the price of shares above $ 145 this spring.
Baba Actions Daily Chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
