New Delhi: The Indian stock market remained strong despite worries over the tariff policies of Donald Trump. Tell the market the Sensex rose 1200 points in early trade. Even the Nifty has moved higher after a gain of over 300 points. The global market sell-off has cooled, and the market is buzzing again. Yesterday, U.S. recovery (up) ⇒ Japan’s market ↑ open.
Positive Global & Asian Market Indications
The GIFT Nifty had already indicated a similar positive start for the Indian stock market, rising by more than 400 points. With the U.S. markets also recovering, optimism was further meted out for a strong opening of the Indian markets. Japan’s Nikkei Index is up around 6% today, as other Asian markets also show strength. The market of South Korea has risen by around 1.5%, and Hong Kong has also entered the green zone. More than a 2% increase at the China Enterprises Index on the Hang Seng.
The global tariffs story keeps playing after market plunges, now gains
The uptrend is back after yesterday’s massive sell-off, but the spectre of more volatility still lingers for the time being. The Sino-American relationship is back under strain. President Donald Trump of the United States has warned China that he will impose an additional 50% tariff on top of any tariffs China imposes in retaliation. This has raised fears of global tariff wars and impacting the markets globally. China had introduced a 34% tariff on U.S. goods last week, increasing the possibility of more market turmoil.
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