The impeachment process against Trump in America begins

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The formal process of impeachment against US President Donald Trump has begun. Nancy Pelosi, chair of the United States House of Representatives, announced the launch of the impeachment process against President Trump. However, according to sources, even if the impeachment process ends in the lower house, it is difficult for him to pass in the Republican-majority Senate.

Trump has been accused of pushing Ukrainian President Vladimir Jelensky to begin a corruption investigation against Democrat Joe Biden and his son. However, Donald Trump has denied the allegations.

Democrats will need three Republican MPs to oust Donald Trump from the presidency, who will rebel against the president of his own party. Former Vice President Joe Biden may have a bumpy US presidential election in Biden 2. According to media reports, Trump has admitted that he discussed Biden with the Jelensky group but the accusations he has made are false.

Asian stock markets today saw a stir in the US after a Democrat launched an impeachment against Donald Trump and Trump took a strong stance on China's trade war. Tokyo's stock market declined by 8 percent, Shanghai's stock market by one percent and Hong Kong's stock market declined by 8 percent.

South Korea's stock market declined by 8 percent, Taiwan's stock market declined by 5 percent, Singapore's market was up by 5 percent, and Mumbai's stock market declined by 8 percent. Europe's markets were also open to a downward trend.

London and Frankfurt opened at a slower rate of 5.5 per cent, while the Paris stock market declined by 8 per cent. It is worth mentioning that US President Donald Trump has once again accused China of artificially declining currency prices, stealing intellectual property. As a result, the trade war between the US and China is likely to intensify. Which had an impact on the global stock market today.