Due To Tariff War Every Equity Market is Trading at 4-10% down, Gift Nifty also Down
Nifty settled at 21758 with loss of 1146 point after the indication from the gift nifty. Indian equity markets are set for a rough start today, as indicated by the steep drop in GIFT Nifty futures. By 7:55 a.m. IST, the futures were trading at 22,089—down roughly 3.6% from the previous close of 22,904.45—reflecting growing investor unease amid intensifying global trade disputes and fears of an economic fallout.
Asian Markets Tumble
Stock markets across Asia suffered major setbacks on April 7, rattled by concerns of a deepening worldwide recession triggered by escalating trade friction between the U.S. and China.
- Hong Kong and China: The Hang Seng index nosedived over 10% in early trading, potentially marking its steepest single-day loss since the 2008 financial crisis. Meanwhile, China’s CSI300 index slid more than 5%, with widespread selling seen across almost all sectors.
- Japan: Tokyo’s Nikkei 225 plunged nearly 8% shortly after the bell. Within an hour, the index was down 7.1%, landing at 31,375.71.
- South Korea and Australia: The Kospi in South Korea declined by around 5%, while Australia’s S&P/ASX 200 shed close to 6%.
These sweeping losses highlight the intense uncertainty clouding investor sentiment as global trade tensions mount. With such negative cues from international markets, Indian stocks are expected to open significantly lower, in line with the downturn signaled by GIFT Nifty futures.
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