Global Markets in Turmoil

A global tariff war initiated by the US has sent shockwaves through markets worldwide, with several leading indices plunging into the red. Despite the turmoil, the Indian market has shown resilience, holding its ground against continuous selling by foreign funds.

Asian and European Markets React

In Asia, Japan's Nikkei closed 2.6% lower, while Hong Kong's Hang Seng and Shanghai's indices ended flat. Meanwhile, in Europe, Germany's Dax and the UK's FTSE were down by 1.3% and 1.1%, respectively, during mid-session trading.

US Markets Recover from Early Lows

Across the Atlantic, the Dow Jones Industrial Average recovered from its early lows, closing 0.3% down after a sharp initial drop. This recovery came as US President Donald Trump hinted at ongoing negotiations between the US and Mexico regarding tariffs.

Expert Analysis on the Trade War

Vinod Nair of Geojit Financial Services commented on the unsettling effect of the trade war on global markets. He emphasized that tariff conflicts are unlikely to bring economic benefits and could instead pose significant challenges to the global economy, increasing financial risks and threatening the framework of international trade that has flourished under globalization.