Brief by Shorts91NewsDesk / 04:42am on 08 Apr 2025,Tuesday Business
Global financial markets plunged into turmoil following U.S. President Donald Trump's aggressive tariff announcements, eroding over ₹13 lakh crore from Indian investors' wealth. The BSE Sensex dropped 2.95%, while the NSE Nifty fell 3.24%, marking significant declines. Asian markets also suffered, with Hong Kong's Hang Seng Index plummeting 13%, its worst since 1997, and Japan's Nikkei down 7.83%. European shares hit a 16-month low amid fears of a global recession. Analysts warn of continued volatility, though India's macroeconomic fundamentals remain stable. The U.S. administration remains steadfast on tariffs, with President Trump stating, "Sometimes you have to take medicine to fix something." (PC: Money Control & YouTube)
