Trump unilaterally imposed sanctions & Tariffs on China and even on EU countries, due to this US businesses were in the booming spree.
Most of the foreign investors pulled their investment from Asian countries and reinvested in lucrative US stocks market, and US Federal Reserve rates highs sent the some Asian currencies to weak position against dollar and economically Asian Countries faced hardship
Now Federal Reserve action biting its own hands, US president Trump scolding Federal Reserve action as crazy. The strong US dollar, now affecting the US exports and highly inflated US stocks are now crashing or showing bobble effects
Those pulling from crashing US share markets will see the battered Sri Lankan share markets as well as Asian markets are too cheap now. Next oil price will crash as this had happened earlier also.
Last Friday’s US Markets regain seems to banking sector earning mainly due to Federal Reserve’s rate highs but other sectors continue to lose their grounds.