Inventory markets reside updates: Japan’s Nikkei diving practically 8%; India’s Nifty 50 set for sharp drop
Individuals stroll previous the Bombay Inventory Trade (BSE) constructing in Mumbai, India, March 9, 2020
India’s benchmark Nifty 50 is poised to open sharply decrease on Monday, as considerations over a worldwide commerce battle and rising recession fears within the US sparked a inventory market rout on Wall Road and in different Asian markets. The GIFT Nifty futures have been buying and selling at 22,089 as of seven:55 am IST, indicating that the blue-chip Nifty 50 will open about 3.6% decrease than Friday’s shut of twenty-two,904.45.…Learn Extra
Asian shares nosedived on Monday after the meltdown Friday on Wall Road over Donald Trump’s tariff hikes and the backlash from Beijing.
US futures additionally signaled additional weak point. The longer term for the S&P 500 misplaced 2.5% whereas that for the Dow Jones Industrial Common shed 2.1%. The longer term for the Nasdaq misplaced 3.1%.
Donald Trump’s “reciprocal” tariffs got here into impact on April 2, declaring a ten per cent baseline tax on imports from all international locations, in addition to greater charges for a lot of nations which run commerce surpluses with the US.
Amongst them, there’s now cost a 34 per cent tax on imports from China, a 20 per cent tax on imports from the European Union, 25 per cent on South Korea, 24 per cent on Japan and 32 per cent on Taiwan.
These new tariffs come on prime of all of the previously-imposed levies, which incorporates the 20 p.c tax Trump had introduced on all Chinese language imports earlier this yr.
Comply with all of the updates right here:
Apr 7, 2025 8:59 AM IST
US shares slid by about 6% beforehand
US shares slid in the course of the earlier shut, with the tech-heavy Nasdaq Composite Index falling by 962.82 factors or 5.82%, reaching 15,587.79.
In the meantime, the Nasdaq US 500 Giant Cap Index was down by 170.18 or 6.06%, reaching 2,638.28, and the Nasdaq-100 Index was down by 1,123.78 factors or 6.07%, reaching 17,397.70.
Apr 7, 2025 8:39 AM IST
How did the inventory market shut beforehand?
The market closed deep into the purple after the earlier buying and selling session ended on Friday, April 4. The Sensex was down by an enormous 930.67 factors or 1.22 per cent, reaching 75,364.69. The Nifty in the meantime, closed 345.65 factors down or 1.49 per cent within the purple, reaching 22,904.45.
