Asian Markets Surge: Stock markets across Asia surged on Thursday as US President Donald Trump announced a 90-day half on tariffs for 75 countries, including India. Likewise, Japan’s Nikkei 225 index surged over 8.34%, while Taiwan’s weighted index was up more than 9%. South Korea’s KOSPI index also surged sharply, climbing over 5%. Meanwhile, Hong Kong’s Hang Seng Index was up around 4%.
There is a temporary relief for some countries. However, the trade war between the US and China continued to intensify as on Wednesday, President Trump announced an immediate hike in tariffs on Chinese goods to 125%. Notably, this was in response to China raising its tariffs on US goods from 34% to 84%, effective from April 10.
However, in a significant relief, US President Trump stated that he would reduce tariffs for the 75 countries currently engaged in trade talks with the United States, offering a 90-day break and a lower reciprocal tariff structure. Notably, India is among these countries.
Asian Markets Surge: India On Holiday Mode
The Indian stock market remains closed today, April 10, in observance of Mahavir Jayanti 2025, with no trading activity taking place in the equity market.
April will witness 3 stock market holidays, which includes the offs on 10 April 2025 for Shri Mahavir Jayanti, 14 April 2025 for Dr Baba Saheb Ambedkar Jayanti, and 18 April 2025 for Good Friday. Notably, all the trading activities on NSE and BSE will remain closed today.
Meanwhile, the Equity segment, Equity Derivative segment, SLB segment and Currency Derivatives segments will also remain close today.
In the recent times, Indian equities are under pressure due to the global recession fears because of the announcement of reciprocal tariffs by the US President Donald Trump. However, Trump’s 90-day halt on tariffs could boost the Indian equities, which may be witnessed tomorrow, April 10.
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