Asian stock markets witnessed a major sell-off on Monday after U.S. President Donald Trump announced a new round of tariffs. The markets opened with heavy selling pressure, reflecting growing fears over the impact of the tariffs on global trade and economic growth.
The Indian stock markets remained closed on Monday in observance of Eid-ul-Fitr celebrations, while other major Asian markets faced heavy selling pressure.
Singapore, January 23: Digital travel platform, Agoda, announces the launch of its fourth Eco Deals program at the ASEAN Tourism Forum (ATF) in Malaysia, expanding its ongoing partnership with the World Wide Fund for Nature (WWF). In line with the forum's theme, "Unity In Motion: Shaping ASE
Trade restrictions planned by the incoming US President Donald Trump could lead to aggressive exports by China to other Asian markets, including India, according to a report by Crisil.
Indian stock markets remained closed on Wednesday due to the Christmas holiday. This was in line with many other major Asian markets, which also observed a holiday.
Indian stock markets opened flat on Thursday amid selling pressure in other Asian markets. However, a buying trend was observed due to the return of foreign investors.
The domestic stock markets on the last working day of the week erased the losses after taking support from positive global cues that included an indication of strength in the labor market of the United States and positive sentiments in other Asian markets.
India will be a focus for high street fashion brands, as the players will look to Asian growth markets such as India for manufacturing, said McKinsey & Company in its latest report.
Asian markets are leading the surge, bringing total assets under management (AUM) up by an impressive 33 per cent, as inflows this year have hit a substantial USD 4.7 billion.
The widening trade deficit poses a concern, especially with the U.S. imposing higher tariffs on Chinese imports, potentially leading to a surge in Chinese exports to Asian markets, including India.