For Quick Alerts
For Daily Alerts

Indian Markets To Fall, As Trump Levies Fresh Tariffs On China


Asian markets were trading lower, after US President Donald Trump announced a fresh set of Tariffs on China. The U.S. President Donald Trump said Thursday that the U.S. was putting 10% tariffs on another $300 billion worth of Chinese goods starting Sept. 1.

Asian stocks traded lower Friday morning after the surprise tariff announcement from the United States escalated trade tensions between Washington and Beijing.

Indian Markets To Fall, As Trump Levies Fresh Tariffs On China

The Nikkei 225 in Japan plunged 2.00% in morning trade as shares of index heavyweight and robot maker Fanuc plummeted more than 3%. The Topix index also fell 1.77%. In South Korea, the Kospi declined 1.06%.

Indian markets which have been hammered down badly, may see a fresh round of selling, after Thursday's session saw the lowest closing for the Indian markets since March. July 2019 was the worst July month in 17 years for the Indian markets.

The SGX Nifty was pointing at a cut of at least 75 points. Expect a very volatile session in trade today.

Read more about: sensex nifty
Story first published: Friday, August 2, 2019, 7:23 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more