By Admin 
On the major decline in the Indian stock market, experts have said on Monday that investors will have to keep an eye on the action of the European Union (EU) and other countries in response to the US reciperoot tariff. Speaking to the news agency IANS, market expert Sunil Shah said that nearly 4 percent decline in the stock market today is due to 34 percent tariff from China in response to the US reciperook tariff.
Sunil Shah further said, “All investors know that no country is going to benefit from tariffs and due to this, the world markets are seeing a decline.” He further said that further action in the stock market will depend on the action of European Union (EU) and other countries.
Economist, Pankaj Jaiswal told news agency IANS that the world is in reset mode for the first time after World War II, which has led to a huge decline in the world’s stock markets including India. He further said that due to trade war, there is a danger of recession and inflation in the world and it will have the most impact on America.
World in resate mode
The Indian stock market is in red mark by trade war. The Sensex was down 2,849 points or 3.78 percent to 72,515 and the Nifty was 910 points or 3.97 percent to 21,991. Selling was seen in most Asian markets. Tokyo, Shanghai, Bangkok, Seoul and Hong Kong have recorded a decline of up to 11 percent.
Due to the reciperook tariff, heavy selling was seen in the US markets on Friday. Dow 5.50 percent and Technology Index Nasdaq closed down by about 5.82 percent. Oil prices have declined sharply amid global uncertainties. Brent crude fell 2.67 percent to $ 63.82 a barrel, while West Texas Intermediate (WTI) crude falls 2.69 percent to $ 60.31 per barrel.
Drug
Australia’s S&P 200 declined by 6.5 percent at seven 7184.70, South Korea’s Kopy fell by 5.5 percent to 2328.52. Earlier, the market closed on Friday in the US Nasdaq at a decline of nearly 7 per cent. However, experts believe that this decline is nothing, if the situation does not recover, then the condition of the American market can be like this in 1987.
US President Donald Trump, after the announcement of the tariff, reacted to the fall in the stock markets continuously, saying that sometimes bitter medicine has to be given to cure something. Trump made it clear that there is nothing to worry about in this. Whereas, on the other hand, the Asian stock markets have seen a drastic decline on Monday, where there was a decline of 225 points as soon as the market was opened in Nikkei, Japan.
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