Indian markets closed for Mahavir Jayanti, U.S.-China tensions rise, global markets react

From Nasdaq: 2025-04-09 22:35:00

Indian markets were closed for Shri Mahavir Jayanti. U.S. President Trump announced a 90-day tariff pause, easing recession fears. China retaliated with an 84 percent tariff, leading to increased tension. Goldman Sachs rescinded their U.S. recession forecast. Sensex and Nifty fell, rupee weakened, and foreign investors sold Indian shares. Asian markets surged, with Japan’s Nikkei up nearly 8 percent. U.S. stocks had a historic day post-tariff pause. European stocks slumped, reversing previous gains. Dollar weakened, Treasury yields edged lower, oil steadied, and gold rose amid U.S.-China tensions.



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