Brief by Shorts91 Newsdesk / 06:08pm on 07 Apr 2025,Monday Business
Hong Kong’s stock market had its worst day in nearly 30 years, falling over 13% on Monday. The Hang Seng Index dropped after U.S. President Donald Trump announced new tariffs, and China responded with its own. Investors panicked, selling stocks fast. Markets in China, Japan, and other Asian countries also fell. Experts say Hong Kong's stock drop shows how serious the trade fight is. The U.S. market is also expected to fall when it opens. Since Trump’s tariff news, global markets have lost trillions of dollars. Many fear worse losses ahead. (PC: AFP)
Brief by Shorts91 Newsdesk / 03:24pm on 07 Apr 2025,Monday Business
Wall Street indices plunged Monday as President Donald Trump’s sweeping tariff policies sparked fears of a looming recession. The S&P 500 fell over 20% from its February peak, entering official bear market territory, while Dow Jones dropped 1,212 points and Nasdaq slid 4%. Though a brief recovery followed reports Trump may pause tariffs for 90 days — excluding China — the White House later denied such claims. Major tech stocks like Apple and Nvidia suffered steep losses. Analysts say Trump’s firm stance on the trade gap with China is intensifying market uncertainty and increasing recession risk across global financial markets. (PC: India Today)
Brief by Shorts91 Newsdesk / 02:55pm on 07 Apr 2025,Monday Business
Jaguar Land Rover (JLR), the UK-based luxury carmaker owned by India’s Tata Motors, announced a one-month pause in vehicle shipments to the US following President Donald Trump’s new 25% import tariff. “As we work to address the new trading terms with our business partners… we are taking some short-term actions,” the company said. JLR emphasized the importance of the US market, which accounts for 25% of its sales. Trump’s tariff plan includes a 10% baseline on all imports and customized tariffs for countries with steep duties on US goods. JLR is now reassessing its mid- to long-term strategy. (PC: Reuters)
Brief by Shorts91NewsDesk / 11:01am on 07 Apr 2025,Monday Business
Global financial markets are in turmoil following U.S. President Donald Trump's imposition of steep tariffs on imports, leading to significant stock market declines worldwide. In Asia, Japan's Nikkei 225 plummeted nearly 9%, triggering trading halts, while Hong Kong's Hang Seng dropped 8%. India's Sensex fell over 1,000 points amid escalating trade tensions. China retaliated with a 34% tariff on U.S. imports, intensifying fears of a global trade war. Investors are increasingly concerned about the long-term impact on global supply chains and economic stability. Analysts warn that without swift diplomatic intervention, the economic fallout could worsen, potentially leading to a global recession. (PC: India Today)
Brief by Shorts91NewsDesk / 10:57am on 07 Apr 2025,Monday Business
Global financial markets are in turmoil following President Donald Trump's imposition of tariffs ranging from 10% to 50% on imports from over 60 countries. The FTSE 100 plunged over 5.5%, reaching a one-year low, while Asian markets, including Japan's Nikkei and Hong Kong's Hang Seng, experienced significant declines. Goldman Sachs has raised the probability of a U.S. recession to 45%, citing severe financial tightening and heightened policy uncertainty. China has labeled the tariffs as "economic bullying" and announced retaliatory measures. President Trump remains steadfast, asserting that the tariffs are necessary despite widespread economic fallout and growing fears of a global trade war. (PC: New York Times)
Brief by Shorts91NewsDesk / 09:21am on 07 Apr 2025,Monday Business
On April 7, 2025, Indian stock markets faced a significant downturn due to escalating global trade tensions following U.S. President Donald Trump's imposition of broad tariffs. The BSE Sensex plummeted by 3,291.95 points to 72,073.14, and the NSE Nifty50 dropped 1,058.30 points to 21,846.15, marking their lowest levels in approximately ten months. This sharp decline erased nearly ₹19 lakh crore from the market capitalization of BSE-listed firms. All 13 major sectoral indices traded in the red, with small-cap and mid-cap indices declining by 10% and 7.3%, respectively. Analysts attribute this volatility to uncertainties surrounding the newly imposed tariffs and advise investors to exercise caution amid the turbulent market conditions. (PC: News18)
Brief by Shorts91NewsDesk / 07:36am on 07 Apr 2025,Monday Business
Despite the U.S. imposing a 26% tariff on Indian imports, Indian officials maintain that the nation's economic growth target of 6.3%-6.8% for the 2025/26 fiscal year remains achievable, provided oil prices stay below $70 per barrel. Conversely, private economists, including those from Goldman Sachs, have reduced their growth forecasts by 20-40 basis points, anticipating a 6.1% growth rate. The diamond industry, heavily reliant on the U.S. market, faces significant challenges, potentially jeopardizing thousands of jobs. The government is evaluating support measures for affected export sectors, such as extending interest subsidies and enhancing bank credit. Officials assert that India's core fiscal parameters will remain stable, opting for diplomatic negotiations over retaliatory actions. (PC: Reuters)
Brief by Shorts91NewsDesk / 07:29am on 07 Apr 2025,Monday Business
The Indian stock market has witnessed a significant downturn, eroding approximately ₹20 lakh crore from investors' wealth. This decline is attributed to weak U.S. job data, sparking recession fears, and sharp plunges in global markets, notably Japan. The BSE Sensex tumbled 2,222.55 points (2.74%) to settle at 78,759.40. This downturn has led to reduced consumer spending and poses risks to economic growth, with sectors like auto sales experiencing notable declines. Analysts caution that prolonged market slumps could deter retail investments, further impacting the economy. (PC: The Tribune)
Brief by Shorts91 Newsdesk / 06:23am on 07 Apr 2025,Monday Business
Indian markets are bracing for a steep fall as Gift Nifty signals a 3%+ decline, mirroring a global stock meltdown. President Donald Trump defended his aggressive new tariffs as "medicine" to fix trade imbalances, but markets reacted sharply. Asian shares plunged—Japan’s Nikkei dropped 8.8%, Hong Kong’s Hang Seng 8%, and China’s CSI300 4.5%. US equity futures extended losses, with Nasdaq falling 5.3%. South Korea, Singapore, Malaysia, and Taiwan also reported sharp declines. With global recession fears growing, Sensex and Nifty 50 are set to face a Black Monday, reflecting widespread investor panic over the deepening US-China trade conflict. (PC: Reuters)
Brief by Shorts91 Newsdesk / 04:59am on 07 Apr 2025,Monday Business
Asian markets plunged on Monday after former US President Donald Trump announced sweeping new tariffs, triggering fears of a global economic shock. Japan’s Nikkei 225 dropped 6.5%, Taiwan nearly 10%, and Singapore 8.5%. US futures also pointed to heavy losses, with oil dipping below $60/barrel. Trump defended the tariffs, saying, “Sometimes you have to take medicine to fix something.” China retaliated with 34% tariffs on US goods. Over 50 countries, including Vietnam and Israel, are seeking tariff negotiations. Britain’s PM Keir Starmer warned the old global order is ending, while economists fear rising consumer prices and prolonged market turbulence. (PC: Getty Images)