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Investors Lose ₹11 Lakh Cr as Market Falls on US Trade Policy
The New Indian Express Bhubaneswar
|April 05, 2025
DOMESTIC equity markets plunged sharply on Friday amid weak global cues, triggered by reciprocal tariffs announced by US President Donald Trump.
The move sparked a selloff in the US markets, stoking fears of a recession and a full-blown global trade war. The spillover effects were felt across global equity markets, including India.
The US stock market shed $2.5 trillion on Thursday, with the Dow Jones, S&P 500, and Nasdaq posting their worst single-day losses in five years since the COVID-19 pandemic.
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The New Indian Express Bhubaneswar
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