U.S. chip companies, banks and oil majors fell sharply on Friday after China retaliated to Trump’s tariffs with steep duties, in an intensifying trade war between the world’s two largest economies that cast a shadow on global growth. China slapped additional duties of 34% on U.S. goods, set to go into effect April 10. It…
Wall Street traders were left reeling after Donald Trump made good on his threat to disrupt the modern trading order at the climax of ‘Liberation Day.’ Billed as the biggest shake-up of cross-border commerce in decades, the president unveiled sweeping tariffs Wednesday with a minimum 10% on all exporters to the US. Among the most…
Japan’s Nikkei share average snapped a three-day losing streak on Tuesday, as indications that impending U.S. tariffs may be more measured than previously feared injected fresh optimism into the markets, though ongoing uncertainty capped the gains. The Nikkei closed 0.5% higher at 37,780.54. Earlier in the session, the index climbed more than 1% and briefly…
Valuation guru Ashwath Damodaran has spelled out a warning of sorts for India’s growth story as the world, led by the US, takes a more protectionist turn. In his latest blog post, Damodaran said India will face many more hurdles in its path to achieve economic growth, unlike China which relatively had smoother sailing in…