Indian shares tumble as trade war, US recession fears fuel turmoil

Bharath Rajeswaran - Reuters - 07/04
Indian shares fell sharply on Monday as concerns over a trade war and growing recession fears in the U.S. continued to fuel a global stock market rout.
April 7 (Reuters) - Indian shares fell sharply on Monday as concerns over a trade war and growing recession fears in the U.S. continued to fuel a global stock market rout.
The Nifty 50 (.NSEI), opens new tab and the BSE Sensex (.BSESN), opens new tab trimmed some losses from the pre-open trade, declining 3.96% to 21,995.3 and 3.71% to 72,546.64, respectively, as of 10:01 a.m. IST.

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Both benchmarks lost about 5% at the open, the steepest drop in terms of percentage since March 2020.
Other Asian markets slumped, with the MSCI Asia ex-Japan index (.MIAPJ0000PUS), opens new tab losing 6.8%. Japan's Nikkei 225 (.N225), opens new tab dropped 6.5%.
President Donald Trump's new tariffs are "larger than expected" and the economic impact on inflation and growth will be likely, Federal Reserve Chair Jerome Powell said on Friday, flagging an uncertain outlook for the ...
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