The dollar began one of its strongest gains of the year this Friday, April 4, and markets reacted more strongly than the day before to the tariffs imposed by US President Donald Trump.
At 8:00 a.m. in Colombia, the currency opened trading at 4,231.10 pesos, representing an increase of 101.09 pesos compared to the Representative Market Rate (TRM), which stood at 4,130.01 pesos this Friday.
The currency recorded a minimum price of 4,220.00 pesos and a maximum of 4,303.00 pesos.
Thus, the dollar is at its highest level since January 23.
In the case of the Colombian Stock Exchange, the MSCI Colcap, the main stock market index, opened in the red, falling 3.34 percent to 1,604 points. At the close, it lost 2.23 percent to 1,620 points.
While it registered falls of more than 1.50 percent last Thursday morning, it reversed its negative trend and rose 0.24 percent to 1,657.40 points.
In the case of stocks, the biggest losers on Friday were: Ecopetrol, Preferencial Bancolombia, and Bancolombia.
The oil company's shares fell 3.50 percent and during the day they fell as much as 7.25 percent, while Preferencial Bancolombia had a reduction of 2.27 percent and Bancolombia lost up to 1.61 percent.
On the New York Stock Exchange, the S&P 500 index lost more than 2,200 points, equivalent to a 5.9 percent drop, while the Dow Jones fell 5.5 percent and the Nasdaq 5.8 percent.
The stocks that lost the most were Patterson-UTI Energy, Inc, which fell 18.33 percent; Kanzhun Limited, which fell 18.28 percent; and Civitas Resources, Inc, which fell 17.25 percent.
In Asia, the Tokyo stock exchange closed down 2.75 percent, with the biggest losses among automakers: Toyota fell 4 percent, while Nissan and Honda plummeted more than 5 percent. Seoul also fell 0.86 percent, and Sydney lost 2.44 percent.
While Chinese stock markets were closed for the Qingming holiday.
In Europe, after the sharp losses of the previous day, the announcement that China will impose additional tariffs of 34 percent on US goods shook the markets. The Frankfurt Stock Exchange fell 5 percent, Paris fell 4.2 percent, and London lost 3.9 percent, while the Ibex 35 in Madrid plummeted 6.11 percent.
