Sensex falls as U.S.-China trade war escalates [Reuters]
Infosys Limited American Depositary Shares (INFY)
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Source: Reuters
Sensex falls as U.S.-China trade war escalates | Reuters 2 Min Read (Reuters) - Indian shares fell on Tuesday, tracking Asian peers, as global trade tensions intensified after U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion worth of Chinese goods. Trump’s move came after Beijing decided to raise tariffs on $50 billion in U.S. goods, which was in retaliation for U.S. tariffs announced on Friday. Asia shares ex-Japan lost more than 1 percent to hit its lowest level since early February. The broader NSE Nifty was down 0.63 percent at10,731.75 as of 0555 GMT, while the benchmark BSE Sensex was 0.54 percent lower at 35,358. “Couple of things are happening - one is the trade war; second, some sort of realignment is taking place in the mutual fund schemes. And, finally, foreign investors have turned net sellers for sometime....,” said Arun Kejriwal, founder of Kejriwal Research and Investment Services. “So, all these are causing concern even though domest
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