# Asian markets jittery over trade war fears

> Asian stock markets fell sharply on March 23 after the US announced tariffs on Chinese goods and Beijing pledged to retaliate. The Nikkei dropped 4.51 percent and the Shanghai Composite fell 3.64 percent, while gold rose to a one-week high.

- Date: 2018-03-23 · published 2018-03-23T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/66230-asian-markets-jittery-over-trade-war-fears
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Escalating US-China tariffs raise the risk of Chinese retaliation against US farm exports such as soybeans, which pressures US soybean prices and export demand.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-06-21 | [Trade war scare looms over dry freight market](https://feedsoft.ai/events/64704-trade-war-scare-looms-over-dry-freight-market.md) | -2.5% | -4.9% |
| SOY | 2018-08-01 | [EM ASIA FX-Most Asian currencies tread water as Fed eyed amid trade war fears](https://feedsoft.ai/events/63792-em-asia-fx-most-asian-currencies-tread-water-as-fed-eyed-amid-trade-war-fears.md) | -1.6% | -9.2% |
| SOY | 2018-08-07 | [Shipping markets in chaos over trade war \| 2018-08-07  \| World Grain](https://feedsoft.ai/events/63422-shipping-markets-in-chaos-over-trade-war-2018-08-07-world-grain.md) | -2.7% | -5.2% |
| SOY | 2019-08-08 | [US-China trade war: Soybean farmers are working new markets](https://feedsoft.ai/events/57614-us-china-trade-war-soybean-farmers-are-working-new-markets.md) | +1.4% | +0.1% |
| SOY | 2018-04-04 | [Oil down slightly; U.S. inventory draw offsets trade war fears](https://feedsoft.ai/events/10845-oil-down-slightly-u-s-inventory-draw-offsets-trade-war-fears.md) | +1.2% | +0.4% |
| CORN | 2018-08-01 | [EM ASIA FX-Most Asian currencies tread water as Fed eyed amid trade war fears](https://feedsoft.ai/events/63792-em-asia-fx-most-asian-currencies-tread-water-as-fed-eyed-amid-trade-war-fears.md) | +7.9% | -4.6% |
| CORN | 2018-10-03 | [Is the corn market about to feel a soybean trade war hangover?](https://feedsoft.ai/events/62575-is-the-corn-market-about-to-feel-a-soybean-trade-war-hangover.md) | -1.7% | -1.3% |
| CORN | 2018-08-07 | [Shipping markets in chaos over trade war \| 2018-08-07  \| World Grain](https://feedsoft.ai/events/63422-shipping-markets-in-chaos-over-trade-war-2018-08-07-world-grain.md) | -9.1% | -9.9% |

## Sources

- dw.com: https://www.dw.com/en/asian-markets-jittery-over-trade-war-fears/a-43096547

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.