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The stock market may see a decline today i.e. on Wednesday 9 April. From American and Asian markets to NSE’s International Exchange, Gifty Nifty is trading below. This is indicating opening under the market.
3 reasons for the market to open and open
- Japan’s Nikkei index is trading in Asian markets by falling down by about 3%. At the same time, Hong Kong’s index has a decline of 4.16%.
- Gifty Nifty traded on the International Exchange of NSE is also below 1%. It is indicating opening under the market.
- The US Dow Jones index fell by 0.84%. The S&P 500 index dropped 1.57% and Nasdaq Composite 2.15%.
Yesterday the Sensex was 1135 points and the Nifty was 374 points.
On 8 April, the Sensex climbed 1135 points or 1.55% to close at 74,273. At the same time, the Nifty rose by 374 points or 1.69%, it has closed at 22,535 levels.
In yesterday’s business, media, realty and government banks’ shares showed the most shopping. The Nifty Media Index climbed 4.72%. At the same time, Nifty PSU Bank and Realty Index rose around 2.50%. FMCG, IT and auto rose by about 2%.
Causes market volatility
On 3 April, US President Trump imposed a Tit tariff to the world like worldwide. It has announced to impose 26% tariffs on India. China will take 34%, European union 20%, South Korea 25%, Japan 24%, Vietnam 46%and Taiwan will take 32%tariffs.
The move has started a tariff war. In response to America’s tariff, China has announced to impose 34% counter -tariff on the US. The new tariff will be applicable from April 10.
After China’s announcement, Trump said on Monday that if China does not withdraw 34% tariff on the US, then 50% additional tariff will be applicable from Wednesday. After this announcement, the White House said on Tuesday that this tariff has been implemented.
Tariff War has increased the concern of the Economic Slodown. People will make less purchases when the goods are expensive with tariffs, which can reduce the speed of the economy. Also, crude oil prices have also fallen due to low demand. This is a sign of weak economic activity.
Reciperook tariff came into effect from 9 April
10% baseline (minimum) tariff has been imposed on all the items coming in the US. The baseline tariff came into effect from 5 April. At the same time, the reciperook tariffs have come into force after 12 pm on 9 April. Baseline tariffs are imposed on imports under the general rules of business, while reciperook tariff is imposed in response to the tariff of another country.
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Read this news related to business too …
US market falls 5% from the upper level of the day: 11% dropped in four days, Dow Jones, China falls due to implementation of 104% tariff
The US stock market closed down on Tuesday, April 8, after 104% tariff imposed on China. The Dow Jones index has fallen by 320 points or 0.84% to 37,645. It had a gain of about 4% in early trade.
At the same time, the US market’s S&P 500 index fell 79.48 points or 1.57% to close at 4,982 levels. The index Nasdaq composite of technology stocks fell by 335 points or 2.15%. It closed at 15,268 levels.
Read full news …
