This may impact Indian export business if the trade war threats escalate amid ongoing negotiations. Markets worldwide were under pressure due to geopolitical tension in West Asia. Stock markets in China, Hong Kong and Korea were weak on Friday. Vinod Nair, head of research, Geojit Financial Services Ltd, said the ripple effect from a weak global market, premium valuation and a slow economy, are hurting the markets. There is widespread optimism that the US Federal Reserve will ease monetary policy in its 18-19 June meeting to counter a slowing global economy due to the escalating trade war with China.

Source: Mint June 14, 2019 18:56 UTC