Indian markets on Monday fell nearly 1% tracking the fall in global equity markets following US President Trump’s threat to increase tariffs on goods imported from China. The benchmark S&P BSE Sensex fell 0.93% to close at 38,600.34, while the NSE Nifty 50 index declined 0.97% to end at 11,598.25 points. Elsewhere, Japan’s Nikkei fell 0.3%, Hang Seng declined 3%, Shanghai fell 5.6%, Jakarta was down 1%, while CAC40 and DAX fell 2% each. US president Donald Trump on Sunday raised pressure on Beijing to strike a trade deal by announcing he would increase tariffs on $200 billion of Chinese imports to 25%. China responded to Trump’s threat by saying it was considering pulling out of trade talks scheduled for this week.

Source: Mint May 06, 2019 10:41 UTC