Global stock markets experienced significant turbulence following investor concerns over President Trump's economic policies and escalating trade tensions. On Monday, US markets plunged, with the S&P 500 and Nasdaq recording their steepest one-day losses in years. Tech stocks were particularly hard hit, with Tesla shares plummeting 15.4% and Nvidia losing over 5%. This downturn rippled through Asian markets, where Japan's Nikkei 225 fell by 2.5%, South Korea's Kospi dropped 2.3%, and Australia's S&P/ASX 200 declined by 1.8% in early trading. Indian stock markets also felt the impact, with the Sensex falling over 400 points to 73,691.70 and the Nifty opening at 22,331.45 on Tuesday. The Indian rupee weakened to 87.38 per U.S. dollar. Analysts warn that prolonged tariffs could further slow economic growth and drive up consumer prices, contributing to ongoing market uncertainty. Citi analysts suggested that a potential $1 trillion in stock buybacks could provide some support to stock prices if the market continues to decline.
Global Stock Markets React to Trump's Policies and Trade Tensions: US Markets Plunge, Asia Follows, and India's Sensex Dips.
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