Share Market Today / Trump's tariffs caused a crash in the US and Asian stock markets; know who lost how much

Share Market Today: The announcement of the imposition of reciprocal tariffs by US President Donald Trump had a widespread impact on global financial markets. Asian stock markets, including the US, declined, while the US dollar also declined. In contrast, the prices of gold, considered a safe investment, reached their all-time high. The Indian stock market may also be affected by this decision.

Big fall in US market

The US stock futures market fell sharply, raising fears of a global trade war. According to CNBC, Dow Jones Industrial Average futures fell 1,069 points (2.5%), S&P 500 futures fell 3.6%, and Nasdaq-100 futures fell 4.5%.

Shares of multinational companies also fell after this announcement, with Nike and Apple shares falling by about 7%. Also, shares of companies dependent on imported products such as Five Below (14%), Dollar Tree (11%), and Gap (8.5%) also declined. Tech giants Nvidia (5%) and Tesla (7%) were also not untouched by this decline.

Asian markets also fell

The news of tariff hike also had a negative impact on Asian markets. Tokyo's Nikkei 225 index saw an initial decline of 4%, although later it recovered somewhat and closed with a decline of 2.9% at 34,675.97. This decline further intensified after the Trump administration announced a 24% tariff on Japan.

The impact of the 25% tariff imposed on South Korea was also clearly seen, due to which the Kospi index fell 1.5% to 2,468.97. Hong Kong's Hang Seng fell 1.4% to 22,887.03, while the Shanghai Composite Index saw a marginal decline of 0.1%. Australia's S&P/ASX 200 also closed down 1.3% at 7,830.30.

Crude oil prices fall

The price of US benchmark crude oil also fell. It fell by $2.08 to $69.63 a barrel on Thursday morning, while the price of international Brent crude fell by $2.06 to $72.89 a barrel.

Impact on foreign exchange market

The dollar index was also affected. The US dollar fell from 149.28 yen to 148.07 Japanese yen, while the price of the euro rose from $1.0855 to $1.0897.

Possible impact on Indian market

India may also see the impact of these tariffs. Volatility in the Indian stock market may increase due to global economic uncertainty. Investors may be attracted to safe assets like gold, which may lead to further increase in gold prices. Additionally, the fall in crude oil prices could have a positive impact for India, reducing import costs.