Sensex falls over Trump`s comment on China |
India`s stock exchange benchmark indices Sensex and Nifty tanked in early trade on Monday following suit of other Asian markets after United States of America`s president Donald Trump threatened in a tweet to impose more tariffs on China, spooking investors who had been expecting good news on trade. US President Donald Trump unexpectedly mounted pressure on China to reach a trade deal, saying he would hike US tariffs on Chinese goods this week. In the tweet, Trump said, “For 10 months, China has been paying Tariffs to the USA of 25% on 50 billion Dollars of High Tech, and 10% on 200 billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars....” While 15 stocks hit their 52-week highs, 55 fell to their 52-week lows on BSE. JM Financial 16 million dollars, Reliance Industries 6.9 million dollars, and YES Bank 1.95 million dollars were the top stocks in terms of turnover on BSE.
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