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Trump claims China markets ‘crashed’ on Iowa caucus victory

January 17, 2024
in Asia Pacific
Reading Time: 3 mins read
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Former US president Donald Trump stated his runaway Iowa victory brought on turbulence in China’s inventory markets, casting it as a sign that Beijing is apprehensive about him retaking the White Home.

“I felt very badly for them. China had a crash yesterday of their inventory market. why? As a result of I gained Iowa,” Trump stated Tuesday evening whereas campaigning in New Hampshire, the following state within the Republican nomination calendar. “Actually, as quickly as these numbers began coming in yesterday, that they had a crash – of massive – one of many worst numbers that they’ve had in years.”

Trump stated that highlighted Beijing’s issues that he would take a harder method to US-China ties whilst he characterised his relationship with Chinese language President Xi Jinping as “nice”.

“I like China. I like all people however they will’t benefit from us,” he continued. “That tells you what it’s about. If I get in they realize it’s not going to be so good for them.”

01:13

Trump clinches Iowa caucus as he seeks third consecutive nomination for US presidential election

Trump clinches Iowa caucus as he seeks third consecutive nomination for US presidential election

The Nasdaq Golden Dragon China Index, a gauge monitoring Chinese language corporations listed within the US, fell 3.8 per cent in a single day to the bottom stage since November 2022. Chinese language electrical car maker Nio Inc. and Web big Baidu Inc. have been among the many greatest losers.

“It’s very Trump model,” stated Willer Chen, an analyst at Forsyth Barr Asia Ltd. “Personally, I don’t assume the drop is said to that. It’s extra about China market’s personal downside, I might say. However Trump for certain would like to hyperlink that to his victory.”

Trump’s return may see US allies pursuing extra unbiased insurance policies: analysts

Trump’s marketing campaign occasion in Atkinson, New Hampshire got here a day after he scored a powerful victory in Iowa, nicely forward of his two chief rivals Florida Governor Ron DeSantis, who got here in second, and former South Carolina governor Nikki Haley who completed in third.

The win takes Trump one step nearer to seizing the Republican nomination, with polls additionally displaying him main in New Hampshire, although by a smaller margin than in different early voting states.

Trump’s commanding grip on the Republican presidential contest has different nations apprehensive about his doable return to the White Home and the results it may maintain for the remainder of the world.

A Trump victory may usher in adjustments for US coverage on commerce, taxes and safety.

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Tags: 2024CaucusChinaclaimscrashedDonald TrumpIowaMarketsStocksTrumpVictory
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