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)
