By increasing steel and aluminum tariffs in the United States, the weak economy in Turkey has fallen into the stones, causing Turkish Relax to fall and fall, shake investors' confidence in other emerging market currencies, and worry about whether the financial turmoil will be set off. The Hong Kong stock market is also affected.At 430 o'clock, the market closed below 2.8,000.
In this round of emerging market currencies, the currency depreciated against the US dollar. In addition to Andrdquo; Turkish li La, which was shocked by "ANDRDQUO; India's rupee, the Russian ruble fell to two and a half years, South African Rand fell to a new low in June 2016, Indonesia in Indonesia, IndonesiaThe shield is close to three years, and has long been seeking South America Argentine pesos for the rescue of the International Monetary Fund.
These countries are located in Eurasia, Africa and South America, and some are members of the Twenty State Organizations, and some are members of the BRICS. The economic aura fades in this wave of depreciation, and even Euro has fallen to a low level of 13 months.
The influence of the Russian crisis is limited
Turkish President Erdogan appealed that the global and global "Economic War Andrdquo; and how easy it is, in fact, in fact, countries have faced different economic problems and have their weaknesses to make the United States organic.Seven percent, but inflation and interest rates have gone to double -digit, and foreign lending is huge. Once foreign investment questioned its repayment ability, it is easy to produce bone card effects./p>
After Erdogan was re -elected, he found the son -in -law's state finance, and pressured the central bank to not raise interest rates, causing the market to lose confidence in the government's economic and financial policy.Destiny Andrdquo;, the Turkish central bank took measures to stabilize people's heart yesterday. The government scheduled to publish economic plans on Friday.
If there is a debt crisis in Turkey, the most direct influence is Europe.European banks hold the most Turkish foreign debt. On the day Trump announced the addition of tariffs, the stock price of some large European banks fell by 5 %.In addition to the entanglement of tariffs with the United States in Europe itself, it is still necessary to impact the US sanctions on Iran's impact on European companies and oil prices, which affects the economy that is recovering.Policies are destroying employment and economic growth.
At the same time, Russia, which has been strengthened by the United States, said that Treasury Secretary Silu Annov said it would reduce holding US stocks and government bonds to revenge.However, whether it is the economic scale of Turkey or the scale of Russia's U.S. debt, it is quite limited, and the possibility of forming a global crisis is not much, far less than the impact of the Sino -US trade war.
Strengthening Defense Fighting Storm
The biggest risk is the issue of confidence. The strong US dollar has attracted some funds to evacuate from emerging markets. If the Turkish crisis has accelerated this trend of withdrawal, it is worrying whether it will produce a 97 Asian financial storm -type bone card effect.After experiencing storms in Hong Kong that year, it is inevitable that they pay special attention to the impact on the Asian market.
The United States dispatched economic weapons everywhere, and the global market fluctuations are inevitable; however, many Asian countries that have suffered a lot that year, today's wealth management is much more prudent. In addition to lending foreign debts, it has also strengthened defense work, increased foreign exchange reserves, and established central banks from various local governments.Andrdquo; mechanism.
Although the possibility of reappearing the financial crisis in Hong Kong is relatively low, it still has to face the influence of the Sino -US trade war, and under the strength of the US dollar, the increase in interest rate hikes due to the contact rate of the US dollar, and the strong currency of the Hong Kong dollar against all parts of Asia.Export and travel consumer industry.
Hamenei, the Supreme Leader of Iran, rejected the negotiation proposal of US President Trump < /strong>
Reuters August 13-Iran's supreme leader Ayatollah Ali Khamenei rejected the proposal to hold unconditional negotiations by US President Trump on Monday. He also criticized the Iranian government to face the economy when the US restart sanctions against the economy.Poor management.
And "I will not have any negotiations with the United States ... The United States has never been loyal to the negotiation commitment, Andrdquo; Hamonei said. His policy on Iran's policy.
And "the United States withdraws from the Iranian nuclear agreement is a clear evidence that the United States is unreliable, andRDQUO; Hamonei said at the rally of thousands of Iranian people's participation.
US sanctions aimed at Iran's gold and other precious metals transactions, purchases of US dollars, and automobile industries.
The United States has stated that the only opportunity for Iran to avoid sanctions is to accept Trump's proposal to reach a stricter nuclear agreement through negotiations.Iranian officials have rejected the proposal, but this is the first time that Hamonei has published a public comment on this.
However, Hamenes ruled out the possibility of war with the United States.
And "they (Americans) are exaggerating the possibility of war with Iran. There will be no war ... We have never launched a war, and they will not have military confrontation with Iran, andrdquo; he said.
** economic dilemma **
On Monday's speech on Monday, Rial's devaluation caused anger to protest.He criticized the Government of President Rouhani.Rouhani is a clergyman who adopts a practicalist position. He supports the 2015 Iran nuclear agreement to end Iran's political and economic isolation.
And "is not just sanctions. (Government) poor economic management is putting pressure on ordinary Iranians ... I don't call it betrayal, but a huge mistake in management. Andrdquo; National Television quoted Hamenei.
And "Through better management and more effective planning, we can resist sanctions and overcome sanctions, andRDQUO; Hamenei said, obviously to lead the public's anger for the deterioration of the economy to the Ruhani government.
As the United States is expected to impose sanctions again, Riyal has fallen by about half since April, mainly promoted by the large number of US dollar needs of ordinary Iranian who is trying to protect themselves.(End)
