As Asian markets declined in response to US President Donald Trump’s tariffs, India’s Sensex and Nifty 50 opened in the red today, witnessing a fall of over 260 points and 80 points within minutes of the opening of trade. South Korean shares declined as much as 2.9% as Asian markets fell.
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In response to
US President Donald Trump’s 25 per cent tariff on India, Sensex and Nifty 50 opened in the red on Friday.
Within minutes of the opening of the trade, Sensex fell by more than 260 points and Nifty 50 fell by over 80 points.
Twelve of the sixteen major sectors declined at the open while the broader smallcaps and midcaps traded flat, as per Reuters.
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The response of Indian markets was in line with Asian markets that declined in response to Trump’s tariffs, with South Korean leading the decline.
South Korean shares fell by 3.2 per cent after Trump’s tariff rollout.
In early reactions, Japan’s Nikkei dropped 0.4 per cent and Chinese blue chips stocks were flat and Hong Kong’s Hang Seng index eked out a small gain of 0.2 per cent. These declines were rather most even though much of the trading day is still to pass.
The modest decline is a result of markets’ belief that negotiations are sti