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Showing posts with the label tariff

European shares hold ground as investors assess earnings; focus on Fed, tariff updates

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[hfe_template id='11223'] [ad_1] European shares were little changed on Tuesday as investors assessed a spate of corporate earnings and monitored potential tariff moves, while awaiting the U.S. Federal Reserve's monetary policy decision later this week. The pan-European STOXX 600 index was flat at 537.35 points as of 0711 GMT. Other regional indexes were mixed. Investors' attention is fixed on whether the Sino-U.S. trade tensions will ease after China last week said it was evaluating an offer from Washington to hold talks over tariffs. However, the lack of concrete details on any deals between the U.S. and its partners has kept investors on edge, especially as Trump announced a new slate of tariffs. Trump, on Sunday, announced a 100% tariff on movies produced outside the U.S. and a day later said he intends to announce pharmaceutical tariffs over the next two weeks. Live Events In that light, the U.S. Fed's policy announcement on Wednesday garners increas...

FPIs extend investment in Indian equities, inject Rs 17,425 cr in a week

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[hfe_template id='11223'] [ad_1] Foreign investors have infused Rs 17,425 crore in the country's equity markets last week, supported by a combination of favourable global cues and strong domestic macroeconomic fundamentals. This came following a net investment of Rs 8,500 crore in the preceding holiday-truncated week ended April 18. Globally, steady performances in major markets, expectations of a pause in US Federal Reserve's rate hikes, and a stable US dollar boosted risk appetite for emerging markets like India. Easing global trade tensions further lifted investor sentiment, Himanshu Srivastava, Associate director - Manager Research, Morningstar Investment, said. Domestically, India's resilient growth outlook, moderating inflation, and an optimistic forecast of an above-normal monsoon for 2025 enhanced confidence in the market. Together, these factors created an attractive investment environment for foreign investors, he added. According to the data with...

Japan's Nikkei sags as Nvidia curbs drag down chip shares

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[hfe_template id='11223'] [ad_1] Japan's Nikkei share average fell for the first time this week on Wednesday as chip-sector shares sank after Nvidia said the U.S. government is limiting exports of its key chip to China. Chip-testing equipment maker Advantest, an Nvidia supplier, was the Nikkei's second-worst performer with a 6.6% tumble. Chip-making equipment manufacturer Disco tanked 8%. The tech-heavy Nikkei lost 1% to close at 33,920.40, while the broader Topix dipped 0.6%. Precision equipment makers dropped 2.1% as a sector, putting them among the worst performers from the Tokyo Stock Exchange's 33 industry groupings. The H20 artificial intelligence chip, targeted by the U.S. government, is currently Nvidia's most advanced chip for sale in China and is central to its efforts to stay engaged with China's booming AI industry. Live Events Nvidia has been a key focus of U.S. export controls as officials attempt to keep the most advanced chips from...

Tariff pause for India offers relief, yet China’s export spillover remains a risk: Jigar Mistry

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[hfe_template id='11223'] [ad_1] As the United States imposes steep tariffs on China while pausing similar actions against other countries, including India, analysts say the immediate pressure may shift toward Chinese exports — but the ripple effects could reach India too. In an interaction with ETNow, Jigar Mistry of Buoyant Capital, outlined a more complex picture of the ongoing trade reshuffle. While India appears relatively insulated for now, he warned of potential spillovers from China’s trade displacement. "If China is not allowed to export into the US, then it will try and flood every other market that it is allowed to export to," Mistry said, pointing to historical precedent. He added, "We have seen this story play out with steel in the year 2015 to 2018 onwards, where they started supplying to the Philippines, Thailand, and the Asia-Pac region... even within India, China could start dumping a lot of material." While some market participants v...

Tariff shock turns FIIs to sellers in April. Analysts flag global risk but back India’s fundamentals

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[hfe_template id='11223'] [ad_1] After a brief return of optimism in March, foreign institutional investors (FIIs) reversed course and turned net sellers in early April, rattled by a sudden escalation in global trade tensions. The trigger came on April 2, when U.S. President Donald Trump announced steep reciprocal tariffs, prompting a sharp correction in global equity markets and reigniting fears of inflation and stagflation in the United States. This shift in sentiment led to massive selling across key indices, with spillover effects reaching emerging markets like India. The impact was swiftly reflected in FPI flows, which saw net outflows of over Rs 10,000 crore from Indian markets by April 5. While this marks a sharp contrast from the buying trend seen just weeks earlier, analysts remain divided on the outlook. While global uncertainty has put FPIs in a wait-and-watch mode, India’s robust macroeconomic fundamentals and supportive policy environment continue to offer l...

Will India tariff woes be Trumped by RBI response?

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[hfe_template id='11223'] [ad_1] The US administration unveiled a minimum tariff rate of 10% on countries across the globe, big and small. From the imposed reciprocal tariff rates, Asia and Europe on the higher end of the tariff scale. In Asia, the highest rate of reciprocal tariff is on Cambodia and Vietnam. India faces reciprocal tariffs of 27% while China faces reciprocal tariffs of 34%. Indonesia and Taiwan are facing higher tariffs than India at 32%. Mexico and Canada are exempted from new tariffs, while the previously announced 25% tariff on autos is to take effect from April 3, 2025. Reciprocal tariffs to the equivalent of ~50% of combined estimated rate of tariff and non-tariff barriers faced by US exports in the respective countries have been announced. A retaliation might put the global economy in a trade war. The efforts to reach a bilateral agreement between India-USA provides hope and scope to limit the impact of these reciprocal tariffs levied on India. ET...

Japan's Nikkei dips as looming US tariff deadline spurs caution

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[hfe_template id='11223'] [ad_1] Japan's Nikkei share average declined for a third straight session on Monday as uncertainty ahead of a looming deadline for implementing additional U.S. tariffs sapped investor appetite for riskier assets. The Nikkei closed down 0.2% at 37,608.49, while the broader Topix shed 0.5% to sit at 2,790.88 after hitting an eight-month peak on Friday. The Nikkei received some support as a portion of heavyweight shares saw some buying, with AI-focused startup investor SoftBank Group climbing 3% to offer the biggest lift. U.S. President Donald Trump hinted that he would be flexible regarding a new round of tariffs set to go into effect on April 2, helping lift the S&P and Dow at the end of the week. But the benchmark Nikkei index struggled to advance on the day, seesawing between gains and losses as investors took a cautious approach to the impending tariff threat. Live Events Many important details regarding the latest tariffs are stil...

Stocks tumble, dollar firm as Trump tariff threats ruffle markets

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[hfe_template id='11223'] [ad_1] World stocks fell to their lowest levels in six weeks on Friday, and the dollar hovered near multi-week highs, as the prospect of higher U.S. tariffs sent jitters through markets and revived concerns about a global trade war. Technology shares took an additional hit following a sharp sell-off in AI darling Nvidia and other so-called "Magnificent Seven" Wall Street mega-cap stocks, as investors judged the chipmaker's earnings report harshly a day after its release. U.S. President Donald Trump said on Thursday that 25% duties on imports from Canada and Mexico will come into effect on March 4 - not April 2 as he had suggested a day earlier - and said goods from China will be subject to an additional 10% duty. This week he also floated 25% tariffs on shipments from the European Union. "A market that had reduced its sensitivity to recent tariff headlines has had to reconsider that reaction function," said Chris Weston,...