Sensex, Nifty Fall Over 1% On Trade War Fears; IT Stocks Hit Hard

RTTNews | 579 hari yang lalu
Sensex, Nifty Fall Over 1% On Trade War Fears; IT Stocks Hit Hard

(RTTNews) - Indian shares were deep in the red on Friday after U.S. President Donald Trump said his proposed 25 percent tariffs on Mexican and Canadian goods will take effect on March 4 along with an extra 10 percent duty on Chinese imports over the fentanyl opioid crisis, deepening the fear of a global trade war.

Trump's tariff plans also sparked concerns about inflation, interest rates and economic growth.

The benchmark S&P/BSE Sensex was down 972 points, or 1.3 percent, at 73,640 in early trade while the broader NSE Nifty index fell 290 points, or 1.28 percent, to 22,255.

Among the prominent decliners, Infosys, Tech Mahindra, Wipro, Mahindra & Mahindra and IndusInd Bank tumbled 3-5 percent.

Tata Power fell more than 1 percent and Rail Vikas Nigam declined 1.7 percent despite winning new orders.

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Soft Start Seen For Thai Stock Market

Soft Start Seen For Thai Stock Market

The Thai stock market has finished lower in back-to-back sessions, slipping more than a dozen points or 0.7 percent along the way. The Stock Exchange of Thailand now sits just above the 1,590-point plateau and it's expected to see continued consolidation on Wednesday.
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Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Wednesday, reversing the losses in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving well above the 66,200 level, with gains in index heavyweights, financial and technology stocks.
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Lower Open Called For Indonesia Stock Market

Lower Open Called For Indonesia Stock Market

The Indonesia stock market has finished lower in four straight sessions, tumbling more than 250 points or 3.6 percent along the way. The Jakarta Composite Index now sits just above the 6,120-point plateau and it's expected to open under water again on Wednesday.
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Australian Market Modestly Higher

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday after opening in the red, extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving well above the 8,700 level, despite the broadly negative cues from Wall Street overnight, with gains in gold miners and energy stocks partially offset by weakness in iron ore miners and financial stocks.
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Hong Kong Stock Market Tipped To Open Under Pressure

Hong Kong Stock Market Tipped To Open Under Pressure

The Hong Kong stock market turned lower again on Tuesday, one day after snapping the three-day losing streak in which it had stumbled almost 600 points or 2.5 percent. The Hang Seng Index now sits just above the 24,520-point plateau and it's likely to see continued consolidation again on Wednesday.
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China Shares May Turn Lower Again On Wednesday

China Shares May Turn Lower Again On Wednesday

The China stock market on Tuesday snapped the three-day losing streak in which it had slumped more than 120 points or 4.1 percent. The Shanghai Composite Index now sits just above the 3,830-point plateau although it may head south again on Wednesday.
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Taiwan Shares May Open Under Water Again On Wednesday

Taiwan Shares May Open Under Water Again On Wednesday

The Taiwan stock market has finished lower in two straight sessions, dropping more than 525 points or 1.2 percent in that span. The Taiwan Stock Exchange now sits just above the 47,630-point plateau and it's expected to open in the red again on Wednesday.
RTTNews | 2 jam 31 menit yang lalu
Japan Retail Sales Gain 2.7% On Year In August

Japan Retail Sales Gain 2.7% On Year In August

The value of retail sales in Japan was up 2.7 percent on year in August, the Ministry of Economy, Trade and Industry said on Wednesday - coming in at 13.052 trillion yen.
RTTNews | 2 jam 53 menit yang lalu