Trump’s ‘tariff liberation’ to cost Share Market ?

– Market may be opened gap down

– Big red rally on cards !

Vyapar Hindustan Correspondent

Mumbai

US President Donald Trump’s Tariff Liberation seen to be cost Indian share markets. Indian exporters will be at 26% Import Duty in US as announced by president Donald Trump, which is at median as other countries tariff’s are concern. This may be impacted negative for share market and there may be a gap down on Thursday in both Sensex and Nifty, as signals from world are as such.

Vietnam Offshore ETF is down 10% this morning as it got the highest tariff apart from China. Japanese stocks open lower as the yen rises and JGB yields fall. Iron ore has dropped more than 1% as China the world’s biggest user levies. Gold is the standout winner on the day so far. Bullion has advanced to a record above $3,167 an ounce as its haven qualities shine through. Base metals have taken a punch, too. On the London Metal Exchange, copper and aluminum have both shed more than 1%. Asian currencies and stocks face selling pressure as the tariffs are seen as more aggressive than expected. The $8 billion KraneShares CSI China Internet Fund, is down around 6% in after hours. Oil’s global benchmark, Brent crude dropped by as much as 3% to $72.70 a barrel. On the London Metal Exchange, copper, zinc, aluminum, tin and nickel are all lower. Meanwhile South Korea’s Kospi Index and Australia’s S&P/ASX 200 Index have each dropped more than 2% intraday, as per experts.

US stock futures tumble. U.S. stock futures are tumbling as Trump ratchets up his trade war with reciprocal tariffs. S&P 500 futures fell 1.7%, suggesting investors expect deep losses when Wall Street opens on Thursday. Nasdaq futures, reflecting tech companies such as Apple.

Experts Speak

Crossing 23350 is issue and breakdown 23000 is also an issue in NIFTY. This is band where it will play as it’s a weekly expiry today. So let’s see how international cues impacted.

Shreesh Shingare, Market Analyst